Phoenix Court

VC Firm·London, UK·$500M+ (first close 2022 across four funds)

Phoenix Court Group is a London-based venture capital firm formed in 2022 through the rebranding of LocalGlobe and Latitude. Founded by Saul and Robin Klein, the firm invests across the full startup lifecycle through four funds: LocalGlobe (pre-seed/seed), Latitude (early growth), Solar (scale-up to IPO), and Basecamp (emerging managers). Phoenix Court has backed over 500 companies, including 14 unicorns, and was ranked the top seed-stage venture investor in EMEA by Dealroom in 2025.

Focus Areas

FintechAIHealthcareClimate TechSaaSAdvanced ManufacturingInsurance TechnologyAgriculture Technology

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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.