Initial Capital

Initial Capital is a London-based venture capital firm established in 2010, specializing in seed and early-stage investments within the technology sector. The firm maintains a sharp focus on mobile, games, and consumer internet services, alongside technology enablers that underpin these rapidly evolving digital ecosystems. With a team boasting deep operational and investment experience in the gaming and mobile industries, Initial Capital positions itself as a hands-on partner for nascent companies, offering not just capital but also strategic guidance and access to a valuable network.

The firm has demonstrated a consistent fundraising trajectory, successfully raising multiple funds to support its investment thesis. Its first fund, established in 2010, was approximately £10 million, followed by a £20 million second fund in 2014, and a £30 million third fund in 2019. This progression underscores their commitment to the early-stage ecosystem and their ability to attract limited partners. Across these funds, Initial Capital typically deploys initial cheques ranging from $250,000 to $1.5 million, targeting promising startups that are poised for significant growth.

A cornerstone of Initial Capital's reputation is its track record of identifying and backing highly successful ventures. A prime example is their early investment in Supercell, the Finnish mobile game developer behind global hits like Clash of Clans. Initial Capital was an early supporter of Supercell, an investment that culminated in a highly lucrative exit when Supercell was eventually acquired for billions, validating Initial Capital's strategic foresight. The firm has made over 60 investments to date, showcasing a broad portfolio of early-stage companies. Their approach emphasizes long-term partnerships, leveraging their sector-specific expertise to help founders navigate the challenges of scaling a technology business from the ground up.