[Funding alert] London-based Plural Secures €400 Million Funding

In June 2022, Plural was founded to provide European entrepreneurs seeking significant funding with investors who share their aspirations. While just 8% of European venture capitalists have founded a business, entrepreneurs creating challenging businesses would benefit more from investors with practical expertise.

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Carina Namih, Ian Hogarth, Khaled Helioui, Sten Tamkivi, and Taavet Hinrikus, who are investors in Plural, have decades of experience developing successful businesses. They have led globally recognised tech companies such as Wise, Skype, Songkick, Teleport, Bigpoint, and HelixNano.

Known as "Unemployables," their experience building and expanding some of the most ground-breaking and influential global technology companies leaves a lasting legacy that benefits upcoming generations of entrepreneurs. Additionally, their active investment style, which combines deep time and meaningful support, promises to reshape the businesses they support.

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Carina Namih, Partner at Plural, said: “When we launched Plural 18 months ago, we knew that a lack of operators was underserving European founders turned investors but even we couldn’t have predicted so much appetite for a different approach. We’re galvanised by the trust founders have placed in us to support them on their journeys tackling serious problems from developing clean energy that will save the planet to making the internet safer. With Fund II, we want to take this new model of investing even deeper into the European ecosystem, where startup creation continues to outpace the US, providing a huge opportunity that we have a responsibility to maximise.”

Since its founding, Plural has made investments in 26 game-changing businesses in six nations: the US, the UK, Estonia, Germany, the Netherlands, Denmark, and Estonia.

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Taavet Hinrikus, Partner at Plural, added: “We know that significant technology is being built across Europe – more than 40% of European tech investment in the past year has gone into frontier and deep tech. Founders tackling major world problems through technology are exactly the types of companies we are backing at Plural. By supporting the most ambitious founders with our hard-won experience, we’re determined to build enduring global companies that will have a GDP-level impact and be transformative for economies and society.”

About Plural

Plural is an early-stage investment fund that supports the most driven founders who want to use technology to transform the world. It was established in June 2022 with the intention of providing investors with company-building expertise who are as ambitious as serious founders in Europe.

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