BMW was among the investors that backed the UK venture firm, which will be divided into a $100m seed fund and a $150m growth fund.
The Giant Ventures team. Image courtesy of Giant Ventures.
UK-headquartered venture capital firm Giant Ventures has raised $250m from investors including carmaker BMW, allocating the capital across two funds.
Founded in 2019, Giant Ventures invests in companies developing technologies and products related to climate sustainability, healthcare and inclusive capitalism. It focuses on entrepreneurs based in the UK, the US and the Nordic region.
Giant Ventures will run a $100m seed-stage fund to back 25 startups and a $150m growth-stage climate technology fund focusing on series B rounds. It has already invested in companies such as mental health app provider Calm and Agreena, a sustainable agriculture technology developer.
British investment trust RIT Capital Partners is among the limited partners, as are former directors of companies such as Rolls-Royce, Goldman Sachs, Booking.com, Intel and BP.
Richard Branson, co-founder of conglomerate Virgin Group, was among Giant Ventures’ investors, and former BP chief executive John Browne, former UK foreign secretary David Miliband and 23andMe founder Linda Avey are named advisory board members.