UK-based venture capital fund FirstMinute Capital has achieved a $100m close of its debut fund with chemical and consumer goods producer Henkel joining the limited partners, TechCrunch reported yesterday.

Private bank Lombard Odier also joined the fund’s backers. Internet group Tencent and property developer Nan Fung previously supported an $85m second close in September 2017 alongside entrepreneurs Cheung Chung-Kiu, Frederic Mazzella and Wes Nichols.

FirstMinute Capital was launched in June 2017 with a cornerstone investment from Atomico and contributions…