Playfair Capital announces $32m second seed fund

The firm said it seeks pioneering startups with the potential to become world-leading technology companies. 

Since launch, Playfair has invested in around 50 companies, including Stripe, Ravelin, Thought Machine, CryptoFacilities, Mapillary, Trouva and Appear Here.

Investors
All of the fund's capital is provided by Federico Pirzio-Biroli, an angel investor. Chris Smith, another angel investor, has joined the fund as a partner.

Investments
The fund aims to complete its investments over the next three to five years, writing initial cheques of $500,000, with a significant amount of capital held back for follow-on funding. It will focus its investments on artificial intelligence, machine learning, B2B software-as-a-service and marketplaces.

While most of Fund II's investments will be in the UK, it is also open to deals outside the UK, with Playfair having made recent investments in Singapore and Israel. Playfair has invested alongside Atomico, Balderton Capital, Kindred, Passion Capital, Sequoia and Valar Ventures in the last three years.

People
Playfair Capital – Federico Pirzio-Biroli (founder); Chris Smith (partner).

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