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Plural, the VC led by founders, pulls together a new $432M fund to back European startups

European VC Plural has carved out a reputation for itself as one of the few VC's in the region started and led by entrepreneurs who grew their own

Now, Plural itself is scaling up, with a fresh €400 million fund to back what Hogarth refers to as “transformational” startups in the region, bringing more operational know-how to get them running as businesses. Plural — whose partners also include co-founder Khaled Helioui(the former CEO of gaming company Bigpoint) and more recently Carina Namih(a veteran founder and investor who has a track record in health tech) — to date has made 26 investments out of the first fund. Notable investments out of the first fund have included London-based Robin AI, which raised $26 million earlier this month for a “legal copilot”; Isometric, another U.K. startup, which raised $25 million last year for a new approach to building a carbon removal registry; a German energy generation disruptor called Proxima Fusion; and Unitary AI, a startup that has built a multimodal technique — reading visual, audio, and text-based cues — to improve video content moderation.

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