Phoenix Court Group (LocalGlobe + Latitude)

Phoenix Court Group, formerly known as LocalGlobe, is a prominent venture capital firm based in London that has rebranded to reflect its expanded scope and increased funding capacity. The firm has successfully raised $500 million across four distinct funds aimed at supporting tech startups from the seed stage to IPO and beyond. These funds include LocalGlobe, which focuses on pre-seed and seed investments, and Latitude, which targets early growth and Series B/C stages. Additionally, Solar is dedicated to scale-up investments, helping companies transition from private to public markets, while Basecamp supports emerging early-stage funds, angels, and solo general partners across diverse geographies including Africa, Asia Pacific, Europe, India, Israel, and the US​. Phoenix Court Group emphasizes investing in the "New Palo Alto," a term used for the innovation ecosystem in northwest London, particularly in Somers Town. This region is considered the third-largest tech innovation hub globally, after the Bay Area and Beijing. The firm aims to address the underinvestment at the breakout and scale-up stages in this area. Their strategy is designed to build a comprehensive pipeline that supports companies from early stages through to public offerings, ensuring continuous growth and development. Phoenix Court Works, the philanthropic arm of the group, supports local community initiatives in health, education, and environmental sustainability by allocating 10% of the management company’s profits and 2% of carry from all funds. This initiative has supported 23 organizations to date, focusing on improving health and wellbeing, promoting education and inclusion, and addressing climate and environmental issues.