Investments
117Portfolio Exits
6Funds
2Service Providers
1
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Latest Firstminute Capital News
Jun 1, 2023
Serial entrepreneur and Lastminute.com founder Brent Hoberman says a surge in AI interest shows confidence is returning A ballooning artificial intelligence (AI) bubble could be a “healthy” sign for the market and shows investor optimism is roaring back, according to one of Britain’s most prolific entrepreneurs. In an interview with City A.M., Lastminute.com and Firstminute Capital founder Brent Hoberman said the rapid surge in AI valuations shows investors are willing to punt on the market once again in the hope of landing on “one of those fabled 100x investments”. “I think that often you do get these bubbles and you can actually say that bubbles are healthy,” Hoberman told City A.M. “I would say that bubbles indicate an era of optimism from investors, when people are prepared to really look longer into the future.” Generative AI funding rounds were among the few “hot deals” at the moment as VC investment remains subdued after a turbulent 12 months, Hoberman said. Investors have reined in splashy bets in the past year after soaring inflation and rising interest rates rocked the market and turned off the taps of cheap cash. The slowdown continued in the first quarter of this year, with a total of £2.9bn invested into UK firms in the opening three months of the year, the lowest amount of cash raised in the opening quarter of a year since 2020, according to data from big four firm KPMG. Firstminute Capital was “definitely slower in terms of allocating capital” but was “still doing deals”, Hoberman said. The uptick in private market AI deals follows a scramble from investors to back AI-related stocks on the public markets, which has pushed valuations to record highs over the past few weeks. Nvidia , one of the world’s top producers of AI hardware and software, rocketed in value in the past week and briefly became the fifth firm to pass the $1 trillion valuation landmark. However, the scramble from investors on both the public and private markets has triggered warnings from some analysts. Read more
Firstminute Capital Investments
117 Investments
Firstminute Capital has made 117 investments. Their latest investment was in Fork & Goode as part of their Series B on March 3, 2023.

Firstminute Capital Investments Activity

Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
3/19/2023 | Series B | Fork & Goode | $22M | Yes | 2 | |
3/14/2023 | Seed VC | RightHub | $15M | Yes | Anker Capital, Conviction Capital, Firstminute Capital, and Undisclosed Angel Investors | 2 |
2/23/2023 | Seed VC | Oka | $7M | Yes | 2 | |
12/5/2022 | Seed VC | |||||
11/15/2022 | Series A |
Date | 3/19/2023 | 3/14/2023 | 2/23/2023 | 12/5/2022 | 11/15/2022 |
---|---|---|---|---|---|
Round | Series B | Seed VC | Seed VC | Seed VC | Series A |
Company | Fork & Goode | RightHub | Oka | ||
Amount | $22M | $15M | $7M | ||
New? | Yes | Yes | Yes | ||
Co-Investors | Anker Capital, Conviction Capital, Firstminute Capital, and Undisclosed Angel Investors | ||||
Sources | 2 | 2 | 2 |
Firstminute Capital Portfolio Exits
6 Portfolio Exits
Firstminute Capital has 6 portfolio exits. Their latest portfolio exit was Futrli on May 13, 2022.
Firstminute Capital Fund History
2 Fund Histories
Firstminute Capital has 2 funds, including Firstminute Capital II.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
---|---|---|---|---|---|
9/8/2020 | Firstminute Capital II | $111M | 3 | ||
6/11/2018 | Firstminute Capital I |
Closing Date | 9/8/2020 | 6/11/2018 |
---|---|---|
Fund | Firstminute Capital II | Firstminute Capital I |
Fund Type | ||
Status | ||
Amount | $111M | |
Sources | 3 |
Firstminute Capital Service Providers
1 Service Provider
Firstminute Capital has 1 service provider relationship
Service Provider | Associated Rounds | Provider Type | Service Type |
---|---|---|---|
Counsel | General Counsel |
Service Provider | |
---|---|
Associated Rounds | |
Provider Type | Counsel |
Service Type | General Counsel |
Partnership data by VentureSource
Firstminute Capital Team
2 Team Members
Firstminute Capital has 2 team members, including current Founder, General Partner, Spencer Crawley.
Name | Work History | Title | Status |
---|---|---|---|
Spencer Crawley | AppDirect, DMC Partners, and Goldman Sachs | Founder, General Partner | Current |
Name | Spencer Crawley | |
---|---|---|
Work History | AppDirect, DMC Partners, and Goldman Sachs | |
Title | Founder, General Partner | |
Status | Current |
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