[Funding alert] London-based Launchbay Capital Secures $100Million in Funding
Jan 24, 2024 | By Team SR
London-based Launchbay Capital secures $100million in funding with over 25% committed by a group of early investors. This also marks a strategic rebrand from its former namesake Digital Horizon to more accurately reflect the evolution from a primarily early stage VC to a multi-stage data platform-driven fund manager.
Launchbay Capital’s secondary growth fund is focused on creating liquidity in growth stage venture-backed technology companies with potential exits in three to four years.
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The fund leverages the team’s venture expertise and extensive knowledge of private capital markets to enable active management of growth investments that yield high accelerated real returns for founders, businesses and investors.
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Alan Vaksman, founding partner at Launchbay Capital said, “We’re forging the future of growth equity investments. With increasing complexities of private markets, it is our mission to provide our limited partners with price transparency and liquidity, Our data-driven valuation methodology allows us to be fully transparent with prices and create accurate, fast-paced roadmaps to liquidity and capital recirculation, both of which are more essential within the current inflationary, post-pandemic market.”
Led by a globally diverse team of seasoned professionals who spearheaded early investments in major brands like Klarna, Lemonade, Monday.com and others, Launchbay Capital’s strategy for success is rooted in investment discipline, rigorous data analysis and active portfolio management.
These founding principles combined with proven track record allow the firm to operate with the level of agility and resilience required to successfully execute investment solutions through the market cycles.
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Unlike traditional venture capital investments that span several decades, Launchbay Capital’s secondary growth fund operates on an investment period of four years, enabling investors to tactically realize returns, recycle capital in a timelier manner and access secondary exit opportunities in addition to traditional avenues like IPO or M&A.
Vaksman said, “Traditional VC growth investments continue to face challenges with valuation transparency, long durations and limited liquidity - all issues we believe our new secondary growth fund meets head on. Investors are no longer interested in having their money tied up for decades without valuation transparency and any non-paper return in sight, We write smaller tickets and target growth-stage, venture-backed companies to enable diversification and broader investor participation, but also to facilitate faster exits through the secondary market itself to provide the capital flexibility today’s industry currently lacks.”
Launchbay Capital provides multiple investment solutions across various stages, including early and secondary growth funds, digital platform based direct investments opportunities, and software solution for private markets brokers and asset managers.
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About LaunchBay
LaunchBay is a venture capital firm that focuses on FinTech applications, B2B software, and infrastructure. It makes investments in businesses who have shown their product-market fit and are prepared for growth.
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