Ruth Fox Blader, managing partner of Anthemis Group, has decided to leave her role after seven years at the investment firm and launch her own venture platform Foxe Capital to support fintech startups. Along with her, other top managers left the company, but the new venture firm will continue to cooperate with Anthemis Group.
According to TechCrunch, which first broke the news, Blader is not the first fintech-focused investor to strike out on his own recently. Last year, Peter Ackerson left Fin Capital to co-found Audere Capital.
Ruth Blader assures that over the years of investing in more than 50 of the best fintech startups in the world (Lemonade, Branch, Elevate, Flock, Mesh, Amplify, etc.) within the walls of Anthemis Group, she has acquired a huge experience. And now it’s time to invest on your own.
The joy of business ownership began when Ruth co-founded WVC:E last year with Sophie Winwood, a finance-focused colleague at Anthemis, an organization that promotes “expanding opportunity and integrating venture capital across the world.” world”.
Winwood will continue to work with Blader and will take on the role of COO at Foxe Capital. And former Anthemis investment partner Kyle Perez has also joined the team.
Foxe Capital will continue to invest on behalf of Anthemis and will act as a junior advisor to the company. For this, the new company will receive compensation that it can then use to support the startups. Subsequently, Foxe Capital will focus on raising funds independently.
Initially, Foxe Capital will follow the same strategy as Anthemis: “We know each other better [за пределами США] with Europe, but we have also invested in India, Cameroon and Latham, and we will strive to invest around the world.”
Anthemis has been through a lot of trouble recently, from staff turnover to the collapse of a couple of portfolio companies and restructurings. The company’s most recent investments were in startups Flyby, Elevate, Greenspark and Agreena.
It is also known that in 2013 Anthemis targeted the Russian market and even signed a strategic partnership with the venture capital company Life.Sreda. In parallel with Sberbank’s venture capital fund (SBT Venture Capital), Anthemis Group also invested in the American mobile bank Moven.
Author:
Ekaterina Alipova
Source: RB
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