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Plural launches €400m fund for Europe's innovative founders

The platform has all eyes on Europe with 26 investments in the last 18 months

PLURAL UEs-Group 040 v2

Plural

Early-stage investment fund Plural, started by founders for founders, has launched a new €400m fund.

The fund comes just 18 months after the investment platform launched a €250m fund with an aim to help founders in Europe gain access to investors who have first-hand experience in building companies.

While more than 50 per cent of investors in the US are former founders and operators, just eight per cent of European VCs have built a company before.

Plural was founded by Carina Namih, Ian Hogarth, Khaled Helioui, Sten Tamkivi and Taavet Hinrikus, who have decades of company-building experience between them at companies including Wise, Skype, Teleport, Songkick and HelixNano.

“When we launched Plural 18 months ago, we knew that European founders were being underserved by a lack of operators turned investors but even we couldn’t have predicted so much appetite for a different approach,” Namih said.

“We’re galvanised by the trust founders have placed in us to support them on their journeys tackling serious problems from developing clean energy that will save the planet to making the internet safer.”

With Fund II the team want to take their new model of investing even further into the European ecosystem, Namih said.

Building on the company’s first 26 investments across fintech, AI, frontier tech and climate and energy, Plural intends to use the new capital, which comes 18 months after its debut fund, to expand its investment and platform scaling team.

“Founders tackling major world problems through technology are exactly the types of companies we are backing at Plural,” former Wise CEO Hinrikus said.

“By supporting the most ambitious founders with our hard-won experience, we’re determined to build enduring global companies that will have a GDP-level impact and be transformative for economies and society.”

So far the fund has invested in companies in the UK, Denmark, Estonia, Germany and the Netherlands.

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