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LocalGlobe becomes Phoenix Court Group, hits $500M first close for new funds, adds an Impact twist

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Saul Klein is a busy man. As co-founder, with his father Robin, of LocalGlobe, one of the longest-running VCs in Europe, he has overseen a wide range of initiatives – among other things the pair are passionate investors and philanthropists in LocalGlobe’s HQ’d area of Somers Town, London – as well as the more conventional business of venture investing in startups.
But, although the LocalGlobe brand name and fund remains, now the new umbrella brand for all the Kleins’ activities will henceforth be “Phoenix Court Group” (for the purposes of this article, I will refer to it as PCG). The group is also unveiling how its four new funds will operate, plus how it will deploy 10 percent of its …

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