Venture capital firm
Phoenix Court portfolio
phoenixcourt.vcPhoenix Court is a venture capital firm based in London, United Kingdom. It has invested in 45 venture-backed companies across 55 funding rounds on VCMC, and led 1 of those rounds. 12 of them were in the last 12 months.
45
Venture-backed companies
in its portfolio on VCMC
55
Funding rounds
led 1
12
Last 12 months
rounds, Oct 2025 to Sep 2026
18
With a disclosed valuation
of 45 companies
$69.4B
Combined value of its private companies
the whole companies, not what Phoenix Court owns
43 private companies Phoenix Court has backed have a VCMC valuation; together they are worth $69.4B. That is the value of the whole companies, not what Phoenix Court owns. Mistral AI is 36% of the total. 2 companies it backed have since been acquired and are not included. How VCMC values companies.
Values cover private companies only; public companies are not included.
Portfolio
Full Phoenix Court portfolio (45 companies)
45 companies.
| # | Last round | History | Range | Trend | Grade | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Mistral AI Software Development Services · since Series D, 2026 | Series D Sep 2026 $3.50B | $25.2B | $21.2B – $36.6B | $31.8B (+26%) | $3.8B | 0% | 1,715 | growing | A | |
| 2 | Rapyd Payment Processing & Point of Sale · since Series D, 2021 | Growth Equity Feb 2025 $500M | $4.8B | $3.1B – $5.8B | $4.4B (-7%) | $560M | 19% | 857 | up | B | |
| 3 | Monzo Banks & ATMs · since Growth, 2019 | Series I Dec 2024 $534M | $9.7B | $5.5B – $13.7B | $9.7B (0%) | $1.2B | 0% | 5,631 | growing | B | |
| 4 | Stream Financial Services · since Series D, 2026 | Series D Jan 2026 $90M | $1.3B | $678M – $2.0B | $1.3B (+7%) | $161M | 0% | 309 | up | B | |
| 5 | Moove Car Rental · since Series A, 2022 | Series C Aug 2026 $250M | $2.2B | $1.8B – $3.2B | $2.7B (+23%) | $368M | 0% | 724 | up | A | |
| 6 | CuspAI Research Institutes · since Series B, 2026 | Series B Jul 2026 $450M | $2.9B | $2.3B – $4.5B | $3.9B (+35%) | $429M | 0% | 94 | growing | B | |
| 7 | Infarm Fruit & Vegetable - Markets & Stores · since Series C, 2020 | Series D Dec 2021 $200M | $299M | $61.9M – $986M | $289M (-3%) | $102M | 59% | 147 | flat | D | |
| 8 | Multiverse Professional & Management Training · since Series B, 2021 | Growth Equity May 2026 $70M | $2.2B | $1.8B – $2.7B | $2.3B (+6%) | $228M | 0% | 1,281 | flat | A | |
| 9 | Cera Care Home Health Care · since Series C, 2022 | Growth Equity Jan 2025 $139M | $1.7B | $798M – $2.6B | $1.7B (0%) | $169M | 0% | 1,327 | up | B | |
| 10 | Nothing Consumer Electronics Company · since Series C, 2025 | Other Dec 2025 $8.0M | $1.8B | $1.1B – $2.0B | $1.8B (0%) | $213M | 0% | 31,104 | up | B | |
| 11 | Deblock Cryptocurrency · since Series A, 2025 | Series A Nov 2025 $35M | $275M | $156M – $398M | $248M (-10%) | $60.7M | 60% | 163 | growing | B | |
| 12 | Social Services & NGOs · since Series B, 2024 | Series C May 2025 $72M | $860M | $479M – $1.2B | $860M (0%) | $94.6M | 0% | 231 | growing | B | |
| 13 | Tech Companies · since Series A, 2025 | Series A Nov 2025 $75M | $674M | $285M – $1.0B | $729M (+8%) | $102M | 0% | 249 | growing | C | |
| 14 | Tech Companies · since Series B, 2025 | Series B Nov 2025 $52M | $550M | $248M – $862M | $566M (+3%) | $62.3M | 0% | 139 | up | C | |
| 15 | Tech Companies · since Series A, 2022 | Series A Feb 2022 $40M | $25.5M | $10.2M – $80.4M | $24.4M (-4%) | $35.8M | 97% | 56 | shrinking | D | |
| 16 | Tech Companies · since Series B, 2026 | Series B Aug 2026 $27M | $206M | $127M – $440M | $289M (+40%) | $31.8M | 0% | 47 | up | C | |
| 17 | Tech Companies · since Series B, 2022 | Series B Mar 2022 $35M | $349M | $26.3M – $532M | $329M (-6%) | $46.0M | 0% | 297 | up | D | |
| 18 | Tech Companies · since Series B, 2022 | Series B Apr 2022 $30M | $109M | $32.9M – $403M | $102M (-6%) | $42.0M | 52% | 178 | growing | D | |
| 19 | Tech Companies · since Series A, 2022 | Series A Jul 2022 $25M | $80.4M | $22.0M – $332M | $66.4M (-17%) | $52.6M | 71% | 39 | down | D | |
| 20 | Electronical Components Manufacturing · since Series D, 2020 | Acquisition Jul 2024 | $1.3B acquired 2024 | $527M – $4.1B | – | – | 89% | 400 | flat | D | |
| 21 | Tech Companies · since Series B, 2025 | Series C Sep 2026 $340M | $920M | $782M – $1.3B | $1.2B (+27%) | $148M | 0% | 609 | growing | A | |
| 22 | Payment Processing & Point of Sale · since Series D, 2021 | Series E Oct 2024 $150M | $2.6B | $1.0B – $3.0B | $2.5B (-2%) | $292M | 7% | 694 | flat | B | |
| 23 | Aerospace and Defence · since Growth, 2026 | Growth Equity Sep 2026 $350M | $2.0B | $1.7B – $2.5B | $2.2B (+9%) | $216M | 0% | 302 | growing | A | |
| 24 | Electronical Components Manufacturing · since Series D, 2023 | Series D Dec 2023 $231M | $2.5B | $520M – $4.2B | $1.6B (-34%) | $356M | 22% | 331 | flat | D | |
| 25 | Automobile Dealers & Manufacturers · since Series B, 2021 | Growth Equity Feb 2026 $34M | $375M | $230M – $587M | $386M (+3%) | $37.8M | 0% | 468 | flat | B | |
| 26 | Food delivery · since Series C, 2025 | Series C Oct 2025 $50M | $580M | $289M – $882M | $580M (0%) | $63.8M | 0% | 464 | flat | B | |
| 27 | Insurance - Agents, Carriers & Brokers · since Series B, 2021 | Series C Jul 2022 $120M | $428M | $104M – $2.3B | $383M (-11%) | $134M | 97% | 224 | down | D | |
| 28 | Insurance - Agents, Carriers & Brokers · since Series C, 2021 | Series C Mar 2021 $150M | $1.1B | $188M – $1.9B | $1.0B (-5%) | $206M | 20% | 389 | up | D | |
| 29 | Loans & Financing · since Growth, 2022 | Debt Jun 2024 $51M | $444M | $80.6M – $722M | $427M (-4%) | $47.4M | 0% | 3,408 | up | D | |
| 30 | Batteries · led at Growth, 2025 | Series C May 2026 $60M | $1.1B | $869M – $1.5B | $1.3B (+16%) | $157M | 0% | 129 | up | A | |
| 31 | Cosmetics Stores · since Series B, 2021 | Series B Sep 2021 $100M | $720M | $38.6M – $1.6B | $660M (-8%) | $157M | 0% | 657 | flat | D | |
| 32 | Payment Processing & Point of Sale · since Series B, 2021 | Series B Jul 2021 $51M | $266M | $24.8M – $549M | $256M (-4%) | $55.3M | 17% | 143 | up | D | |
| 33 | Financial Services · since Growth, 2024 | Growth Equity Sep 2024 $31M | $155M | $63.6M – $178M | $153M (-1%) | $15.2M | 0% | 116 | flat | B | |
| 34 | Market Research & Opinion Polling · since Series B, 2020 | Series B Oct 2020 $40M | $31.6M | $14.1M – $84.9M | $31.0M (-2%) | $36.0M | 97% | 79 | shrinking | C | |
| 35 | Tech Companies · since Series B, 2025 | Series B Sep 2025 $34M | $343M | $160M – $487M | $343M (0%) | $41.1M | 0% | 52 | up | B | |
| 36 | Restaurants · since Series B, 2021 | Series B Apr 2021 $37M | $264M | $17.6M – $565M | $259M (-2%) | $50.1M | 0% | 258 | up | D | |
| 37 | Real Estate Rental · since Series B, 2019 | Other Oct 2021 $9.0M | $40.8M | $6.45M – $126M | $40.8M (0%) | $18.5M | 46% | 94 | flat | D | |
| 38 | Tech Companies · since Series B, 2023 | Series B Feb 2023 $20M | $87.5M | $10.1M – $198M | $76.6M (-12%) | $20.2M | 10% | 71 | flat | D | |
| 39 | Tech Companies · since Series B, 2015 | Acquisition Jun 2021 | $152M acquired 2021 | $7.14M – $216M | – | – | 0% | 190 | unknown | D | |
| 40 | Insurance - Agents, Carriers & Brokers · since Series B, 2021 | Series B Sep 2021 $22M | $83.2M | $10.2M – $263M | $78.8M (-5%) | $30.6M | 45% | 142 | flat | D | |
| 41 | Money Transfer · since Seed, 2022 | Series A Apr 2026 $14M | $87.5M | $44.5M – $186M | $122M (+40%) | $20.8M | 0% | 172 | growing | C | |
| 42 | Tech Companies · since Seed, 2025 | Seed May 2025 $7.0M | $78.6M | $23.0M – $127M | $71.8M (-9%) | $16.7M | 19% | 27 | flat | C | |
| 43 | Research Institutes · since Seed, 2021 | Seed Dec 2021 $3.6M | $19.5M | $1.30M – $46.5M | $18.2M (-7%) | $7.12M | 25% | 11 | flat | D | |
| 44 | Employment Agencies & HR Consulting · since Seed, 2022 | Seed Feb 2022 $3.0M | $20.4M | $1.66M – $58.4M | $20.0M (-2%) | $8.47M | 21% | 24 | up | D | |
| 45 | Professional & Management Training · since Pre-seed, 2022 | Pre-Seed Jun 2022 $1.5M | $42.3M | $1.89M – $64.4M | $42.3M (0%) | $7.61M | 0% | – | unknown | D |
Valuation: VCMC's valuation with its range, from a low to a high scenario; a company with no valuation shows a dash, one acquired after its last round its last value as a private company.
Activity
How Phoenix Court invests: stages, industries and countries
Most of its rounds are Series C and later (47%). Its companies span 26 industries, most in Tech Companies, Insurance - Agents, Carriers & Brokers and Payment Processing & Point of Sale, across 11 countries.
Rounds by stage
- Pre-seed 1
- Seed 4
- Series A 5
- Series B 19
- Series C and later 26
Investments by industry
- Tech Companies 12
- Insurance - Agents, Carriers & Brokers 3
- Payment Processing & Point of Sale 3
- Electronical Components Manufacturing 2
- Financial Services 2
- Professional & Management Training 2
- Research Institutes 2
- Aerospace and Defence 1
Investments by country
- United Kingdom 20
- United States 12
- France 4
- Australia 2
- Argentina 1
- Germany 1
Recent rounds
Phoenix Court's latest investments
Phoenix Court's most recent funding rounds, newest first. 12 rounds in the last 12 months.
- Series C $340M 23 Sep 2026
- Growth $350M 14 Sep 2026
- Mistral AI Series D $3.50B 8 Sep 2026
- Series B $27M 26 Aug 2026
- CuspAI Series B $450M 20 Jul 2026
- Series C $60M 6 May 2026
- Stream Series D $90M 20 Jan 2026
- Series A $75M 24 Nov 2025
- Deblock Series A $35M 19 Nov 2025
- Series B $52M 18 Nov 2025
Co-investors
Phoenix Court's top co-investors
The investors that most often join the same rounds as Phoenix Court. General Catalyst leads, with 14 rounds together.
- General Catalyst 14 rounds together
- Index Ventures 11 rounds together
- 4 rounds together
- Eurazeo 4 rounds together
- Tiger Global 4 rounds together
- Lightspeed Venture Partners 3 rounds together
- Lightrock 3 rounds together
- 3 rounds together
- DST Global 3 rounds together
- 3 rounds together
About
About Phoenix Court
Phoenix Court Group Limited is a British venture capital firm engaged in investing in emerging companies, with a particular focus on the fintech, AI, and digital asset sectors. The company supports founders from pre-seed to scale-up stages and collaborates with other investment firms and community partners to provide funding and support for startups.
Description from Veridion's company data.
- Based in
- London, United Kingdom
- Team
- 25 people
- Type
- Venture capital firm
Focus markets
- Fintech
- AI
- Digital Assets
What Phoenix Court offers
- Venture Capital Investment Services
- Fintech Company Investment Services
- AI Sector Investment Services
- Digital Asset Company Investment Services
- Early-Stage Startup Funding Services
- Responsible Innovation Promotion Services
- Founder Support Services
- Startup Community Engagement Services
Questions
Phoenix Court: frequently asked questions
How many companies has Phoenix Court invested in?
45 venture-backed companies on VCMC, across 55 funding rounds.
What are Phoenix Court's most valuable private companies?
Mistral AI ($25.2B), Monzo ($9.7B), Rapyd ($4.8B), by VCMC's valuation.
What was Phoenix Court's latest investment?
Heidi Health, a Series C round in Sep 2026 of $340M.
Which stages does Phoenix Court invest in?
Phoenix Court invests most often at Series C and later (26 rounds), followed by Series B (19) and Series A (5). It has also joined 4 seed and 1 pre-seed rounds.
What is Phoenix Court's portfolio worth?
Its private companies with a VCMC valuation are worth $69.4B together. That is the sum of the companies' values, not what Phoenix Court owns.
Who does Phoenix Court invest alongside?
General Catalyst (14 rounds), Index Ventures (11 rounds), Headline (4 rounds).