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Investments

9

Funds

2

About Latitude Ventures

Latitude Ventures operates as a venture capital firm and a series B+ sister fund to seed investor LocalGlobe.

Latitude Ventures Headquarter Location

London, England,

United Kingdom

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Latest Latitude Ventures News

Wagestream goes mainstream

Jul 8, 2020

Wagestream goes mainstream Wagestream, which enables employees to access their earned wages in real time, announced a £20 million Series B funding round led by Northzone, with participation from QED Investors, Latitude Ventures and Balderton Capital. This latest investment – which takes the total raised to £65 million – will be used to consolidate “the company’s dominant market share in the UK” and to fund its international expansion. Founded in 2018, Wagestream is offered as an employee benefit, giving employees the option to draw down a percentage of their earned wages any day of the month for a flat £1.75 fee. The startup has seen demand for its product “skyrocket” among major UK brands over the past year and new client sign ups were particularly strong in the second quarter, as employers sought to make their staff more financially resilient in the face of Covid-19. Additional Wagestream features include financial education and a savings product that enables users to put aside a small amount of their pay before it lands in their checking accounts. “Income streaming is a unique innovative financial solution that improves people’s lives and there is no doubt that, in the future, Wagestream will become as important as any other benefits like healthcare. The increasing popularity of income streaming, and the way that employers are fast getting wise to how they benefit hand in hand with their staff, is tracking the trajectory we all expected to see, which is outstanding progress.” – Jeppe Zink, Partner, Northzone. “Wagestream is building an iconic, trusted brand in the emerging ecosystem of ethical financial services providers. It speaks to today’s consumer who demands apps that empower them through true alignment. Employers are quickly expanding their understanding of their responsibilities towards employee welfare – Wagestream supports this by enabling employees to avoid high-cost debt. We see income streaming as a default setting for tomorrow’s employers and the perfect tool to boost employees’ financial resilience at all points in the financial cycle, but especially those that could lie ahead.” – Julian Rowe, partner, Latitude Ventures. “Wagestream has gone from strength to strength since the last round and so, for us, doubling down was an easy decision to make. The feedback from employers and employees alike is positive across the board and the number of companies adopting this way of paying their staff has now passed that all-important tipping point. Wagestream is going mainstream and we are excited to play a part in its growth story.” – Rob Moffat, Partner, Balderton Capital. Share this A really good email covering top news. Leave this field empty if you're human:

Latitude Ventures Investments

9 Investments

Latitude Ventures has made 9 investments. Their latest investment was in Beauty Pie as part of their Series B on September 9, 2021.

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Latitude Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/8/2021

Series B

Beauty Pie

$100M

Yes

5

7/19/2021

Series B

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$99M

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10

1/18/2021

Series D

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$99M

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10

1/13/2021

Series D

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$99M

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10

10/28/2020

Series B

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$99M

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10

Date

9/8/2021

7/19/2021

1/18/2021

1/13/2021

10/28/2020

Round

Series B

Series B

Series D

Series D

Series B

Company

Beauty Pie

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Amount

$100M

$99M

$99M

$99M

$99M

New?

Yes

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Co-Investors

Sources

5

10

10

10

10

Latitude Ventures Fund History

2 Fund Histories

Latitude Ventures has 2 funds, including Latitude II.

Closing Date

Fund

Fund Type

Status

Amount

Sources

4/13/2021

Latitude II

$220M

2

6/12/2019

Latitude

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$99M

10

Closing Date

4/13/2021

6/12/2019

Fund

Latitude II

Latitude

Fund Type

Subscribe to see more

Status

Amount

$220M

$99M

Sources

2

10

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