The new fund has already made nine investments in growth-stage companies.

Credit: Volodymyr Hryshchenko / Unsplash

London-based strategic advisory firm Hakluyt wrapped up fundraising on its first investment investment fund with over $50m in commitments.

The fund, which is managed by Hakluyt’s investment arm, Hakluyt Capital, will be investing in growth-stage startups, participating alongside what it calls top-tier venture and growth funds. It overshot its $50m target raise but has not disclosed exactly by how much.

To date, the fund has already made eight investments, including for autonomous delivery company Zipline, AI safety company Calypso AI, HR platform Rippling, supply chain resilience platform Interos, debt repayment app Tally, AI-powered diagnostics company, and Alethea – a company using AI-to protect companies form online disinformation.

“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,” said Hakluyt Capital’s chairman Varun Chandra.

Hakluyt Capital was set up in 2022 and targets growth-stage investments, between series B and series D.

Fernando Moncada Rivera

Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.