FIGR Ventures, a brand new UK-based household workplace fund, has introduced their official launch to spend money on early-stage, mission-driven startups which can be 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 constructive environmental or social influence.
Fiona Humphries, FIGR’s Managing Director, will lead on technique, operations, driving the due diligence course of and making ultimate funding selections. As FIGR’s Portfolio Director, Ellie Craig shall be answerable for figuring out and assessing funding alternatives, and acts as the primary level of contact for all potential and portfolio founders.
The fund will usually make investments between €241k and €361k on the pre-seed and seed phases, concentrating on firms that align with its three classes of ‘changemakers’:
Switchers: Offering alternate options to environmentally or socially dangerous client items. FIGR will search out firms creating high-quality, guilt-free merchandise folks really wish to use, from sustainable skincare and cleansing merchandise to moral jewelry and meals.
Enablers: Growing 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 procuring to eco-friendly packaging.
Solvers: Creating groundbreaking options to unsolved issues affecting shoppers’ lives. FIGR will spend money on companies tackling actual issues for actual folks, which may embrace schooling, healthcare, femtech and extra.
FIGR plans to make 5 to 6 investments every year, deliberately protecting the portfolio measurement small to permit its lean workforce to offer hands-on assist to founders.
In response to FIGR, it’s their workforce’s intensive expertise in client sectors, small enterprise development, and impact-driven initiatives that units them aside. Talking about their imaginative and prescient, Fiona Humphries said: “We began FIGR as a result of we consider one of the best ways to drive constructive 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 way of the lens of their influence, 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 accomplice 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 selections. We’re backing good folks and empowering them to construct nice companies.”
FIGR Ventures’ advisory workforce consists of Nic Humphries, Senior Companion at Hg; Richard Chapple, Co-Founding father of The Progress Basis; and Richard Johnson, Influence Advisor at Volans, amongst others.
