New London-based venture capital firm Sova VC has launched yesterday with plans to invest over €50M in building a portfolio of more than 20 early-stage tech companies. It claims its strategy is centred on recognising high-potential, disruptive tech companies in Late Seed and Series A stages with a focus on B2B and B2B2C marketplaces as well as software platforms that have the potential to expand across sectors and markets.
Launch of VC firm
Sova VC is a part of Sova group of companies, which also includes the Financial Conduct Authority (FCA) regulated London-based broker Sova Capital. Although the VC firm claims to be sector agnostic, it has “a particular expertise and interest” in Urban Tech, Fintech and Healthcare sectors. The firm will initially focus on partnering with growth-stage companies in the UK, Baltic States, the US East Coast and Nordics.