FIGR Ventures, a brand new UK-based household workplace fund, has introduced their official launch to put money into early-stage, mission-driven startups which are reshaping the buyer sector.
Backed by a non-public household workplace and co-founded by Fiona Humphries and Ellie Craig, FIGR focuses on supporting companies that ship measurable optimistic environmental or social impression.
Fiona Humphries, FIGR’s Managing Director, will lead on technique, operations, driving the due diligence course of and making last funding choices. As FIGR’s Portfolio Director, Ellie Craig might be chargeable for figuring out and assessing funding alternatives, and acts as the primary level of contact for all potential and portfolio
The fund will usually make investments between €241k and €361k on the pre-seed and seed phases, focusing on firms that align with its three classes of ‘changemakers’:
- Switchers: Offering options to environmentally or socially dangerous shopper items. FIGR will hunt down firms creating high-quality, guilt-free merchandise folks truly need to use, from sustainable skincare and cleansing merchandise to moral jewelry and meals.
- Enablers: Creating the instruments shoppers and companies have to make extra sustainable and moral selections. The
fund will again founders creating applied sciences, supplies and processes making it simpler for all of us to do higher, from AI-enabled sustainable purchasing to eco-friendly packaging. - Solvers: Creating groundbreaking options to unsolved issues affecting shoppers’ lives. FIGR will put money into companies tackling actual issues for actual folks, which may embody schooling, healthcare, femtech and extra.
FIGR plans to make 5 to 6 investments annually, deliberately conserving the portfolio measurement small to permit its lean crew to offer hands-on assist to founders.
Based on FIGR, it’s their crew’s intensive expertise in shopper sectors, small enterprise progress, and impact-driven initiatives that units them aside. Talking about their imaginative and prescient, Fiona Humphries acknowledged: “We began FIGR as a result of we consider the easiest way to drive optimistic environmental and social change is to mix charitable grants with investments into high-potential, impactful companies. We’ll be taking a look at all potential investments by means of the lens of their impression, and serious about their potential to scale sustainably and profitably. We’re hoping to seek out superb early-stage companies and develop them from startups into market leaders.”
Ellie Craig, Portfolio Director, added: “We’re actually excited to companion with bold founders and supply tailor-made assist to assist them to develop their companies. On the early phases we’re specializing in, the founders are crucial a part of our funding choices. We’re backing sensible folks and empowering them to construct nice companies.”
FIGR Ventures’ advisory crew contains Nic Humphries, Senior Accomplice at Hg; Richard Chapple, Co-Founding father of The Progress Basis; and Richard Johnson, Influence Advisor at Volans, amongst others.
