Isomer Capital has launched a €150 million investment fund to help investors capitalise on the boom in European technology-based businesses.
Isomer’s strategy takes a diversified approach to early stage technology investing because of its belief that traditional investors don not understand how difficult resource intensive research, selection and execution of small technology investments can be.
Focusing on accessing European technology opportunities at early stages, the firm has created a diversified portfolio already comprising 96 companies and across nine countries. Many of the best deals in the European technology market are private, move fast, require specialist expertise and still have high individual risk profiles.
Run by seasoned investors Joe Schorge (former executive at Pomona Capital and Cambridge Associates) and Chris Wade (former founder and CEO of Cambridge Positioning Systems), the fund has already made commitments to a number of Europe’s leading early stage VC Funds such as Hoxton Ventures, White Star Capital, Entrepreneur First, Felix Capital and Connect Ventures.
“Europe is building a new generation of high growth technology companies, formed by experienced technologists and serial entrepreneurs at higher volumes, quality and ambition levels than ever before. The opportunity has outstripped the supply of capital,” said Joe Schorge, Founder Isomer Capital.
The portfolio includes companies already recognised in their respective industries. Cyber Security company Dark Trace was awarded Technology Pioneer at the 2015 World Economic Forum, fashion tech company Unmade won Fashion Forward awards Most Innovative Company, and retail e-commerce company Mirakl won a Retail Systems Award.
Ecommerce platform Yieldify, high-end delivery food delivery service Deliveroo, and FinTech company Algomi are part of the UK Prime Minister’s Future 50 High Growth Company Programme; the latter was also recognised in the Forbes 50 most innovative FinTech Companies.
Isomer’s opportunistic approach accesses high-potential opportunities through limited partner investments in funds, company co-investments, and providing liquidity to firms and founders via secondary purchases. Its investment process is based on on-going iterative primary research, meeting technology and investment executives who operate or are in the process of creating new funds.