Global Founders Capital, the fund ‘by entrepreneurs for entrepreneurs’, launched 4 months ago has made its maiden investment of over US$ 5 million in its first 3 deals.
The fund invested into UK’s leading dress rental service GirlMeetsDress.com, French social fashion marketplace Videdressing.com and live language learning startup Lingoda.com.
Fabian Siegel, one of the partners of GFC: “Global Founders Capital is always looking for smart entrepreneurs worldwide who are working on ambitious businesses and on fulfilling their dreams. We are really excited about our first investments because they reflect our conviction to invest fast, globally at various stages and specifically on large consumer facing opportunities where we can leverage our global network to the benefit of our portfolio companies.” With a total fund size of $200 million, Global Founders Capital is planning to back more promising businesses in the next months.
Anna Bance, co-founder of GirlMeetsDress comments: “Oli and Fabian are great partners to work with. Having built businesses from scratch gives them a similar perspective on what is needed to scale our business – it feels more like having another founder on board than a traditional investor”.
Fabian Wunderlich, co-founder and CEO of Lingoda adds: “Global Founders Capital has a unique global network that we can access now, which is of great value to our global business model of live English classes online. Working with GFC has been straight forward and pragmatic, which reflects their entrepreneurial background.”
‘We are thrilled to welcome Global Founders Capital as a new investor in our company and are eager to benefit from their experience in quickly and successfully scaling businesses internationally’ Meryl Job, co-Founder and CEO of Videdressing.com concludes.