Participated · Series C · Jul 2021

Brut. is a France-based digital video publisher founded in 2016 by Guillaume Lacroix that produces short-form news and feature content across politics, technology, social justice, culture and more. The brand publishes daily in five languages across eight social platforms with an international reach and targets viewers aged 18–35. Brut. operates in 26 countries, including 18 in the Middle East and Africa, and has built an ecosystem including Brut.Media and Brut.X for series, documentaries and films. The company is B Corp certified for its social and environmental commitments, governance and transparency. Brut. plans to accelerate international expansion, with explicit focus on the US, India and Africa, and to diversify content toward cultural and social-impact issues. Its historical investors remain involved as it scales globally. Brut is a digital video news publisher that produces short, social‑first videos aimed at millennial and Gen Z audiences. The company was founded by former French TV journalists and focuses on conversational, authentic coverage of social good and impact topics (it published a widely shared Greta Thunberg video). Brut distributes on platforms like Facebook, Instagram and Snapchat and reports roughly 30 million daily active viewers globally. It is already profitable in France and aims to be profitable in the U.S. within three years. To support its U.S. push, Brut plans to hire an advertising sales force to monetize its existing audience and finance the launch. The company keeps production costs low by shooting in one language and adding subtitles for global distribution.

Participated · Equity · Apr 2021

Nabla offers an agentic clinical AI assistant that combines ambient listening, dictation, coding, and EHR command capabilities into a single platform integrated with major EHRs. The product is built on a domain-specific large language model refined with clinically grounded data and a robust evaluation framework. Nabla supports more than 85,000 clinicians across 130+ healthcare organizations, processes over 30 billion tokens monthly, and handles about 20 million annual encounters. The company reports revenue multiplied by five over the past six months and delivers measurable ROI via reduced documentation time, lower clinician burnout, and higher patient satisfaction. Its assistant is available in 35 languages and is deployed across ambulatory, behavioral health, pediatric, emergency, and early inpatient and nursing workflows. Future plans include an Adaptive Agentic Platform with a Proactive Coding Agent, Context-Aware Agent for EHR actions and orders, and Custom Care Setting Agents tailored for nurses and other frontline roles. Nabla is a Paris-based startup building an AI copilot that listens to consultations and automatically generates medical reports and clinical notes. It uses speech-to-text (Microsoft Azure plus a fine-tuned Whisper-based model), pseudonymizes transcripts, processes them with large language models (historically GPT-3 and GPT-4 and experiments with fine-tuned Llama 2), and then de-pseudonymizes output so doctors can review and export notes to EHRs. Physicians can edit reports before they are filed and customize formats (including SOAP notes). Nabla emphasizes data processing over storage, discarding audio and not storing notes without doctor and patient consent. The company has a large-scale partnership with Permanente Medical Group and says most customers are in the U.S.; thousands of doctors use the product daily and it is on track to process more than 3 million consultations per year in three languages. Financially, Nabla just raised a new funding round and reached a reported valuation of $180 million after the latest financing. Nabla offers a women’s-health focused app that lets users message general practitioners, gynecologists, midwives, nurses, nutritionists and physiotherapists and view a personal log of past interactions. The app centralizes medical data and can connect with Apple Health, Clue and Withings. Nabla currently provides a free tier with a limited number of monthly text questions, alongside curated community content reviewed by its doctors. The company emphasizes machine learning for preventive and personalized care, with data sharing opt-in for users. Founders include Alexandre Lebrun, Delphine Groll and Martin Raison, who have prior exits and experience at companies like Wit.ai and Facebook; Nabla is working with a team of doctors to serve early users. The startup plans to launch telemedicine appointments and a premium offering in future releases.

Participated · Series A · Nov 2020

Farfetch operates a global e-commerce marketplace and technology platform for the luxury fashion industry, connecting customers in over 190 countries with items from more than 50 countries and over 1,300 brands, boutiques, and department stores. Its businesses include Farfetch Platform Solutions (enterprise e‑commerce and tech services), retail brands Browns and Stadium Goods, and the New Guards brand-development platform. The company invests in retail technology and innovation, including a "store of the future" augmented retail solution. Farfetch plans to expand its footprint across China via a strategic partnership and joint venture with Alibaba and Richemont, and to launch on Alibaba’s Tmall Luxury Pavilion, Luxury Soho and Tmall Global. The partnership also establishes the Luxury New Retail initiative to accelerate digitisation across the luxury industry. Financially, the company secured a package of strategic investments announced in 2020–2021, including convertible notes, a China JV equity investment and a share purchase by Artemis. Farfetch operates a marketplace for luxury brands and multi-brand retailers, partnering with merchants to sell high-end fashion. The company has focused on expansion in Asia and in the prior year raised $110 million specifically to support that effort. In China—where Farfetch launched in 2014—the company had become its second-largest market and partnered with about 200 brands and 500 multi-brand retailers. The new strategic partnership with JD.com gives Farfetch access to JD’s logistics network (including JD Luxury Express), online payment and microcredit tools, social-media resources such as its partnership with WeChat, and big data. CEO Jose Neves highlighted the alliance’s role in helping Farfetch combat counterfeit products among Chinese luxury consumers. The deal makes JD.com one of Farfetch’s largest shareholders and includes a board seat for JD’s founder and CEO, Richard Liu. Farfetch operates an e-commerce platform that connects fashion lovers with a global community of independent boutiques through a single website. The site aggregates inventory from more than 2,000 brands and serves fashion-forward consumers. Founded in 2008 and led by José Neves, the company maintains offices in London, New York, Los Angeles, São Paulo and Porto. In April 2016 Farfetch raised $110M in a Series F funding round. The company has raised over $305M to date. It intends to use the new funds to continue to expand operations globally. Farfetch is a London-based online marketplace that connects high-end retailers and boutiques to global consumers without holding inventory. Founded in 2007, the platform aggregates roughly 300 businesses and reports about 450,000 users. Its gross merchandise value is around $1 million per day, and the average customer basket is $600–$700. The company expanded beyond Europe and the U.S. into China, Russia and Japan and plans further growth into markets such as Latin America, Germany, South Korea and Spain. Farfetch is investing in growth, and it is not clear whether it is currently profitable; it has raised nearly $200 million to date. Management says the new capital will be used to continue global expansion and may keep the company private for now with a potential IPO considered in the next couple of years. Farfetch, launched in 2008, operates an e-commerce marketplace that brings independent fashion boutiques from Europe and North America under one roof. The site curates a network of more than 300 boutiques, listing designer brands such as Fendi, Gucci, and Chloé alongside emerging designers. It offers clothing for both men and women and aggregates boutiques from cities including Paris, New York, Milan, Bucharest, Helsinki, and Honolulu. The company reports annual sales of $275 million and year-on-year growth of 100 percent. Farfetch says the investment will fund international expansion in the U.S., Brazil and Asia and advance its omni-channel strategy. Plans include developing local-language sites for markets such as Russia, Japan and China and accelerating engineering work to improve the site's responsiveness.

Participated · Equity · May 2017

RateSetter is a peer-to-peer lending platform that connects investors with consumer and business loans. Led by founder and CEO Rhydian Lewis and regulated by the Financial Conduct Authority, the company has originated close to £2bn of loans to date and has over 300,000 active investors and borrowers on its platform. It pioneered a Provision Fund model that lets borrowers pay a risk-adjusted premium to reimburse investors in the event of default; the Provision Fund has a 100% track record to date, though capital is at risk and the platform is not covered by the Financial Services Compensation Scheme. Interest rates on the platform are set by supply and demand rather than by the company. RateSetter also operates in Australia and has recently passed AUS$100m of volume there. The company has raised over £40m in total capital since launching in 2010 and will use the new funds to scale the business ahead of the anticipated launch of its Innovative Finance ISA. RateSetter is a UK peer-to-peer lending platform that matches individual lenders and borrowers, competing with Zopa and Funding Circle. Launched in October 2010, the site seeks to reduce the role of intermediaries to give borrowers and savers better rates. It offers lenders a short-term one-month rolling option allowing quick withdrawals and maintains a separate 'Provision Fund' to compensate savers for borrower defaults. RateSetter claims 7,000 registered users in just over three months and says transactions exceed 1,500 per month. The company has now raised a total of £1.5m after a further £600k round, and plans to spend the new funds primarily on marketing.

Participated · Equity · Jan 2016

Skyscanner is a travel search engine that aggregates travel search queries for consumers. Founded in 2003 and based in Edinburgh, the site is used by about 50 million people every month. The company has expanded aggressively into Asia through partnerships with Baidu and Yahoo! Japan, opening three offices (two in China and one in Singapore) and acquiring Chinese travel search startup Youbibi. Skyscanner faces competition from Kayak, Expedia, Qunar, Ctrip and Google Flights. The company announced a £128 million ($192 million) funding round to support international expansion and make acquisitions. The round included both primary and secondary proceeds and was tied to a reported $1.6 billion valuation per the Financial Times. Management said part of the proceeds will provide liquidity to some shareholders without requiring full exits. Skyscanner operates a fast, reliable flight comparison engine and has expanded its offering into hotel booking and car rentals. The company has pushed heavily into mobile, with apps downloaded over 25 million times and its website drawing more than 25 million unique visitors per month. Skyscanner reported turnovers of $30 million and $10 million in profits in the prior year and has grown more than 100% year‑over‑year over the past four years. It acquired Barcelona‑based Fogg to strengthen hotel search and booking capabilities and recently launched its car rental engine in 150 markets. The company has more than doubled its staff in the last 12 months and plans to double again to around 500 employees over the next year. Skyscanner opened a new Miami office to serve as its North American headquarters as it expands into the U.S., Canada and Latin America.