From founder to funder, Steven Barlett launches $100 million fund

Most well-known because the youngest-ever investor to seem on the long-running BBC present Dragons’ Den, Steven Bartlett has launched a $100 million fund aimed squarely at supporting the subsequent spherical of European startup success tales.

The fund is focusing on six verticals, with one being very a lot in keeping with Bartlett’s present firm, blockchain-based functions builder ThirdWeb: blockchain, biotech, well being & wellbeing, commerce, know-how, and house. The fund is slated to supply tickets ranging between $1 million and $10 million, with Barlett significantly eager about supporting rising corporations whose founders come from a BAME background.

Titled The Flight Story Fund, Bartlett commented, “All through the final decade, I developed an immense community of essentially the most profitable entrepreneurs in Europe. Flight Story Fund connects the founders to the funding and instruments they should catapult them by means of their development trajectory to speed up their timeline to Unicorn standing.

I’ve been on the journey myself and now I’m serving to different expert founders reach the identical manner. The launch of the Flight Story Fund is an invite to Europe’s finest entrepreneurs from Europe’s finest corporations – come and take flight with us.”

Whereas no LPs have been talked about, in response to representatives of the fund, “verbal and contractual commitments for the $100 million” are in place, and “the cash is all accounted for.”