Scalable Capital/Adam French (L)
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Scalable Capital CEO Adam French steps down for move into venture capital
As one of the co-founders of Scalable Capital, Adam French has led its expansion since its launch in 2016 first as CEO and then Group CEO up to its recent $1.4bn valuation.
The CEO of Scalable Capital Adam French has stepped down from the helm of the digital wealth manager he co-founded six years ago to start a new career as a venture capitalist.
French will be investing in early-stage businesses founded by London School of Economics alumni, staff and students around the world. French completed an undergraduate degree in business mathematics and statistics in 2007 at the university before joining Goldman Sachs where he stayed for seven years before co-founding Scalable in 2015.
The new outfit, dubbed Houghton Street Ventures in a nod to the LSE's central London location, is formed in partnership with the university and will back founders at Seed and Series A level.
French’s VC mandate will be agnostic in terms of geography and verticals, he told AltFi, but added that the LSE tends to lean towards the UK, US, Europe and India. He expects fintech, data/AI, sustainability, e-commerce to all feature heavily.
The business recently joined the ever-expanding club of European ‘unicorn’ start-ups after scoring a $1.4bn valuation in its latest $180m fundraise
Advisers to Houghton Street Ventures include Manuel Stotz, Founder & CEO, Kingsway Capital, Ari Helgason, former Index Ventures & Dawn Capital Laura Grimmelman, EIR at EF and an ex-Accel investor as well as Nicolas Kopp, US CEO of N26.
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