The platform has all eyes on Europe with 26 investments in the last 18 months.
In brief:
- The fund comes just 18 months after the investment platform launched a €250m fund with an aim to help founders in Europe gain access to investors who have first-hand experience in building companies.
- While more than 50 per cent of investors in the US are former founders and operators, just eight per cent of European VCs have built a company before.
- Building on the company’s first 26 investments across fintech, AI, frontier tech and climate and energy, Plural intends to use the new capital, which comes 18 months after its debut fund, to expand its investment and platform scaling team.
What does this mean?
“When we launched Plural 18 months ago, we knew that European founders were being underserved by a lack of operators turned investors but even we couldn’t have predicted so much appetite for a different approach,” said Co-founder Carina Namih.
“We’re galvanised by the trust founders have placed in us to support them on their journeys tackling serious problems from developing clean energy that will save the planet to making the internet safer.”
