LONDON, June 4, 2024
/PRNewswire/ -- Hakluyt Capital, the investment arm of Hakluyt –
the global strategic advisory firm for businesses and investors –
has announced the final close of its first investment fund,
exceeding its target raise of $50
million.
This comes as Hakluyt Capital announces the creation of a new
advisory board, which will work with the investment team and
enhance the support offered to portfolio companies. The first
members of the advisory board are Adam
Bain, co-founder and managing partner at 01 Advisors, and
former COO of Twitter; Somesh Dash,
general partner at IVP; Mamoon
Hamid, partner at Kleiner Perkins; and Matthew Clifford CBE, co-founder of Entrepreneur
First and chair of the UK's Advanced Research and Invention Agency.
Between them, the advisory board members bring decades of
experience of making high-profile investments and scaling many of
the world's leading technology companies.
Hakluyt Capital invests in some of the world's most promising
growth-stage companies, always alongside one of the top-tier
venture and growth funds. Through access to Hakluyt's unrivalled
network, the fund enables companies to navigate tricky regulatory
challenges, reach decision-makers at potential customers, build
relationships with senior advisers and contacts who can facilitate
the next stage of their growth, and explore possible exits to
strategic buyers.
The fund, led by co-founders Varun
Chandra, Jamie Potts and
Nick Bidmead, has made eight
investments to date, including:
- Zipline, the world's largest autonomous delivery system,
specialising in on-demand drone delivery and instant logistics
- Viz.ai, an AI-powered care coordination solution that aims to
accelerate the diagnosis and treatment of serious illnesses
- Tally, an application that works to eliminate credit card debt
by helping customers manage repayments and save money
- Rippling, a cloud-based centralised HR software platform that
streamlines the management of employees' data and activity
- Calypso AI, a security company empowering international
organisations to leverage generative AI and large language models
(LLMs) safely
- Interos, a software company that works to map, monitor and
pre-empt emerging and systemic risks hidden in manufacturing and
cyber supply chains
- Alethea, an AI-powered platform that helps companies protect
themselves from disinformation and social media manipulation
Hakluyt Capital's chairman, Varun
Chandra, who is also the managing partner of Hakluyt,
said: "I am delighted that Hakluyt Capital has reached this
milestone. We feel very lucky to have an amazing group of
individuals, family offices and institutional investors as our
backers, and we will do everything we can to repay their trust in
us. I'm also thrilled that some of the leading thinkers in Silicon
Valley and technology investing have agreed to join us on this
journey as members of our advisory board. The combination of our
in-house expertise and global connectivity, alongside best-in-class
co-investors and this new group of advisers, makes us uniquely well
placed to support dynamic founders in changing the world. A huge
welcome, and thanks, from all of us at Hakluyt to Somesh, Adam,
Mamoon and Matt."
Adam Bain, of Hakluyt
Capital's advisory board, said: "Hakluyt Capital offers
growth-stage companies access and advice at the highest level,
thanks to the breadth and quality of its network, and the skills
and experience of its in-house team. I'm delighted to have joined
its advisory board, and look forward to helping more companies make
the most of this opportunity to build their connectivity and unlock
growth."
Somesh Dash added:
"The needs of start-ups and scale-ups in today's world are
increasingly complex. For years, Hakluyt's network and advisers
have provided invaluable support to companies looking to scale in
highly regulated and competitive markets. I'm thrilled to be
partnering with them in their new venture."
Mamoon Hamid commented:
"I've really enjoyed working with the Hakluyt Capital team on the
investments we've made together. They are a high-quality,
high-integrity group who are committed to adding value to the
founders and CEOs they invest behind. It's a pleasure to be part of
their advisory board, and to continue to develop our
partnership."
Matt Clifford added:
"I've known Hakluyt for many years as a leading strategic advisory
firm, and it's been exciting to witness the development of Hakluyt
Capital over the last year. I've no doubt that the firm's global
perspectives and relationships around the world can add real value
to the most exciting companies, and I'm looking forward to
supporting the growth of the firm alongside Mamoon, Somesh and
Adam."
Notes to editors
Hakluyt Capital, which was founded in 2022, invests alongside
leading venture capital funds, targeting Series B to D companies
with high growth potential and international ambitions. Its parent
company, Hakluyt, is a strategic advisory firm that works with
corporate leaders and investors around the world on their most
important commercial issues.
For more information on the fund, please visit
www.hakluytcapital.com.
For more information on Hakluyt, please visit
www.hakluytandco.com.
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SOURCE Hakluyt