Hoxton Ventures closes its second fund of (almost) $100m

Hoxton Ventures, which is today announcing that it has closed its second fund at just under $100m, is a little different from other European VC firms. 

For starters, its team is tiny. Until recently, it was a two-man band; partners Hussein Kanji and Rob Kniaz had to set up payroll for the first time only recently when chief operating officer Rob Ludwig joined the show. There are no PAs or principals. 

It also has an impressive unicorn herd — its first $40m fund invested in food delivery giant Deliveroo, digital health company Babylon and cyber security firm Darktrace, all now valued at more than one billion dollars. 75% of its portfolio has also gone on to raise from leading US funds.

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