LocalGlobe

VC Firm·London, UK·$500M (first close, 2022); estimated $1B+ cumulative AUM

LocalGlobe is a London-based seed and pre-seed venture capital firm founded in 2015 by father-and-son duo Robin Klein and Saul Klein. Operating under the Phoenix Court Group umbrella, the firm takes a "cradle-to-IPO" approach, backing founders at the earliest stages and supporting them through growth via sister funds Latitude and Solar. LocalGlobe has invested in over 300 companies, producing 17 unicorns. Notable portfolio companies include Wise, Monzo, and Citymapper.

Focus Areas

FintechHealthtechDeep TechEnterprise SoftwareConsumerMarketplacesClimate Tech

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Portfolio

1 company in our directory

Olix

Hiring

Computer Hardware·Seed

Olix Computing is a London-based startup developing the Optical Tensor Processing Unit (OTPU), a new type of AI accelerator that uses photonics rather than traditional GPU architecture for AI inference. The company integrates photonics with an SRAM-based memory architecture, which it claims can outperform high-bandwidth memory systems in efficiency, throughput per watt, and overall cost. Originally registered as Flux Corp Ltd in March 2024, the company rebranded to Olix Computing. Founded by 25-year-old serial entrepreneur James Dacombe, who also runs brain-monitoring company CoMind, Olix has grown to over 70 employees and plans to ship its first products by 2027. Valued at over $1B.