FIRSTMINUTE CAPITAL

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Overview

Firstminute Capital is a London-based seed-stage venture capital firm founded in 2017, managing approximately $500 million in assets under management.² It focuses on pre-seed and seed investments of £1-3 million in European founders building global technology businesses, particularly in AI, deep tech, SaaS, gaming, media, and healthtech, with over 170 portfolio companies including Wayve, Mistral, and Storyblok.¹²⁴

History

Firstminute Capital was founded in 2017 by Brent Hoberman and Spencer Crawley, both experienced entrepreneurs who have founded and exited unicorn startups.¹² The firm originated from Brent Capital LLP, incorporated in 2015 and renamed Firstminute Capital LLP in 2019.³ It has raised multiple funds, including Firstminute Capital III closed in August 2024 and Firstminute Capital IV opened in January 2026, while backing over 170 companies and supported by more than 130 unicorn founders.²⁵

Notable Products

Firstminute Capital IV - Latest fund opened in January 2026 for seed-stage investments.
Firstminute Capital III - Fund closed in August 2024, part of four closed funds.
Seed Investments (£1m-£3m) - Typical cheque size for pre-seed and seed rounds in tech startups.

Reputation

Firstminute Capital is recognized for its strong network of unicorn founders and experienced team providing operational support to portfolio companies.¹² Professionals note its focus on early-stage European tech with successful exits like Wayve and Mistral.¹ It positions itself as a helpful community-driven fund rather than just capital providers.⁴

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