Former Anthemis partner soft launches new fintech-focused venture capital firm

Ruth Foxe Blader resigns as partner Anthemis Group Nearly seven years after she launched her own venture capital firm, Foxe Capital, TechCrunch has exclusively learned today.

Blader is also joined by former Anthemis investment partner Kyle Perez.Sophie Winwood as an operating partner.Wynwood previously co-founded World value chain: Ean organization committed to working with Blade to promote “inclusion, empowerment and integration in global venture capital.”

Blader said she has led investments in more than 50 financial technology startups over the years, including Lemonade, Branch, Lift, Gather, Grid and Amplify.

In an interview with TechCrunch, Brad said that the desire to invest independently was the main reason for Brad’s decision to leave Anthemis in London. The investor said she got a taste of that after she and Winwood began working together. WVC:E, April 2022.

Foxe Capital will continue to invest on behalf of Anthemis, serve as subadvisor to the company and primarily manage the vehicle she was hired to operate in 2017. When all capital is deployed, Blider expects it will stop writing checks to startups. The Anthemis fund, which it exited this year, will focus on fundraising. Meanwhile, Foxe Capital was compensated for continuing to operate the fund on behalf of Anthemis, according to Blader.

Blader said Anthemis continues to have a financial interest in the vehicle but does not own any part of the management company, and will only continue to have a financial interest in the company if Foxe Capital elects to become a limited partner in future financings.

An Anthemis spokesperson confirmed the move, sharing via email: “Ruth wants to become an independent manager. Anthemis is proud to support her. She will continue to support our existing Anthemis funds as an investor.”

Brad currently splits his time between France and New York (Brad has lived in Europe/New York for 15 years), while Foxe Capital is headquartered in New York City. Its investments will be spread all over the world, with the United States as its home market.

“We are most familiar with [outside of the U.S.] “Not only are we working with Europe, but we are also investing in India, Cameroon and Latin America,” she told TechCrunch. “We will be looking to invest opportunistically across the globe.”

Reorganizations and failed SPACs

Anthemis has gone through some upheaval and movement in recent years.

In April last year, TechCrunch broke the news that Anthemis Group has completed its reorganization, resulting in its 16 employees laid offaccounting for approximately 28% of its employees.

A spokesperson for London-based Anthemis said at the time that the move was to “better reflect current market conditions and build the business in line with its “strategic priorities” for future growth”.

Additionally, last May, TechCrunch reported that Anthemis Group Trying to raise $200 million for third fund. It has been in the market since 2022 with just $36.4 million in commitments.The company respectively owns Cancel plans Raised SPAC in late April.

Anthemis has also seen some portfolio companies struggle over the past 18 months. In November 2022, controversy arose surrounding the sudden resignation of Pipe’s three co-founders (including the CEO). raised eyebrows. In 2023, Daylight, a digital bank focusing on LGBTQ+ sued Three former employees “alleged age and wage discrimination, whistleblower retaliation and fraud.”start up closure later this year.

The company’s 2023 restructuring isn’t the first management shakeup. Anthemis also made headlines in 2018 when its CEO and co-founder Nadeem Shaikh Resigned After reportedly being targeted Sexual Harassment Complaint by a female employee.

Brad is not the first fintech-focused investor to strike out on his own in recent years.

Peter Ackerson left financial technology-focused Fin Capital early last year Co-found a new company, venture capital. It’s unclear whether Ackerson left voluntarily or was forced to leave. A source familiar with the situation inside Fin Capital said that there are tensions between Ackerson and managing partner and founder Logan Allin around the portfolio company alternative financing startup Pipe, Ackerson led the investment and Serve as a member of its board of directors. According to PitchBook data, Audere has invested in five startups, only one of which focuses on financial services.

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