Friday, May 24, 2024

Ten highlights from 2022. TL;DR Satisfaction is the overwhelming emotion… | by Chris Smith | Playfair Capital Weblog


TL;DR Satisfaction is the overwhelming emotion I’ve on the finish of one other 12 months. Our founders have achieved unbelievable issues, not least elevating over $570m in very difficult markets. Their dedication, perseverance and refusal to simply accept the favored damaging narrative are really inspiring.

#1 Rising the group

After an intensive hiring course of that noticed over 1,000 functions, we welcomed Clare and João to the group final month. We’re delighted they selected to hitch us and are excited to see them flourish 💪

#2 Seeing the group thrive

We work onerous to make Playfair a supportive tradition the place it’s attainable to develop a long-term profession in enterprise. This yr we celebrated two main milestones — Jeevan being promoted to Principal and Sheff to Affiliate. So happy with them each and their promotions are completely nicely deserved 🌟

#3 Closing follow-on rounds

Macro financial situations are extraordinarily difficult. But our founders have discovered a approach to proceed rising their firms and securing some vital funding rounds. We’re extremely proud of all of them.

This yr we have been delighted to take part within the following rounds:

Cauldron of their $6.6m seed led by Cherry Ventures with participation from Cassius and Seedcamp (TechCrunch).

Omnipresent of their $120m Sequence B led by Kinnevik and Tencent with participation from Uncorrelated Ventures (Bloomberg).

Passionfruit of their $3.6m seed co-led by firstminute capital and Playfair with participation from FJ Labs and Portfolio Ventures (Sifted).

Protex of their $18m Sequence A led by Notion Capital with participation from Elkstone and firstminute capital (Enterprise Insider).

Worldr of their $11m seed spherical led by Molten Ventures with collaborating from IQ Capital, Pretiosum Ventures, Navigate VC and MD One Ventures (EU-Startups).

And have a good time various later stage rounds being closed:

Kyra’s $15m Sequence A led by Bonnier Ventures with participation from LionTree, Firstminute Capital, Guardian Group Media Ventures and Torch Capital (The Data).

Onfleet’s $23m Sequence B led by Kayne Companions with participation from Savant Progress (TechCrunch).

Starship’s $100m Sequence B led by NordicNinja and Taavet+Sten with participation from TDK Ventures and Goodyear (+European Funding Financial institution) (TechCrunch).

Thought Machine’s $160m Sequence D led by Temasek with participation from Intesa Sanpaolo, Morgan Stanley, Eurazeo, ING, JPMorgan Chase, Lloyds Banking Group and SEB (Bloomberg).

Tray.io’s $40m Sequence C extension led by Canada Pension Plan Funding Board with participation from True Ventures, GGV Capital, Spark Capital, Meritech Capital Companions and Stepstone Group (FinSMEs).

Along with various signed however unannounced rounds (extra on these subsequent yr 👀📢) :

$17.5m Sequence B; $17m Sequence A; $12.5m strategic spherical; $13m Sequence A; $6m Sequence A; $1.25m seed extension

#4 Closing new investments

We made three new investments this yr, all of that are unannounced — rounds of £1.5m ($1.8m), £1.73m ($2.1m) and £2m ($2.4m) 🤐

We usually make six investments a yr. 2022 noticed us spend extra time than regular supporting founders with profitable follow-on rounds and planning for the way forward for Playfair — extra on that to come back in 2023 👀

#5 Founders’ Dinners & extra

A few founders’ dinners, journeys to Wimbledon and a smattering of different socials — it was so good to have time without work video and again in actual life. While these occasions are all the time nice enjoyable, in addition they provide a chance for founders to construct a powerful, trusted help community of fellow founders.

#6 Taking Feminine Founders Workplace Hours to MENA

Version VIII of Feminine Founder Workplace Hours (FFOH) was the most important occasion but and noticed the initiative broaden to MENA with the help of our buddies at World Ventures in Dubai. On the day, 366 founders and 185 traders gathered collectively for 1,464 one-on-one mentoring/pitching classes.

#7 FFOH x Slush

For the primary time this yr we partnered with the group at Slush to ship Version IX of FFOH. Such an superior occasion and fortunately we discovered the one vivid room in the whole venue — good for a Slush Friday morning.

#8 Trade recognition

Joe Perkins and the group at Panorama.vc are doing an amazing job of bringing accountability to enterprise and calling out the BS. We’re happy with our 4.5 score from 84 opinions and in addition being ranked one of many high 20 European Seed Buyers by the individuals who matter most — founders 🙏

#9 An epic offsite

Exhausting to place into phrases how superb this journey was so emojis (and pictures) must do — 🦁🐆🦏🐘🐃

#10 Graduating from Kauffman Fellows

After 2.5 years, a private spotlight was graduating from the Kauffman Fellow Programme in Dubai. A lot of the programme was carried out over Zoom through the pandemic, so getting the possibility to spend time in-person over a number of modules after which throughout commencement was superb.

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