Plural Makes a Splash with a New €400m Fund
Plural, the investment group with a keen eye for early-stage tech startups, is making waves once again. Just 18 months after launching its debut €250m fund, the company has announced a fresh infusion of capital, this time to the tune of €400m. With this new financial muscle, Plural is gearing up to solidify its presence in the European tech investment landscape.
Since its inception, Plural has been making bold moves, backing some prominent startups including Robin AI, Unitary AI, and Isometric, a carbon removal group. In fact, the company has already made 26 investments, with a sharp focus on AI and climate tech startups. Based in London and Tallinn, Plural sets its sights on early-stage companies within high-growth sectors, offering investments ranging from £856,000 to £13m.
In the words of Plural partner Carina Namih, “We’re galvanized 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.” It’s clear that the team at Plural is on a mission to back companies that are not only disruptive but also have a significant impact on the world at large.
Adding to this, Taavet Hinrikus, Wise co-founder and former CEO, who also happens to be a partner at Plural, emphasized, “Founders tackling major world problems through technology are exactly the types of companies we are backing at Plural.” This rings true with the ethos of the company, which is committed to supporting ventures that are geared towards addressing substantial global challenges.
The Plural team boasts some heavy hitters, including Ian Hogarth, an entrepreneur and chair of the government’s AI taskforce. This lineup of industry experts further underscores the group’s dedication and expertise in identifying and nurturing the next generation of tech trailblazers.
With its new fund, Plural is poised to continue its trajectory of backing visionary startups, fueling innovation, and driving meaningful change. As the company sets its sights on the future, it’s clear that the tech startup landscape in Europe is in for an exciting and transformative ride with Plural at the helm. Whether it’s revolutionizing AI or spearheading climate tech, Plural is definitely a force to be reckoned with.
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