Future Planet Capital
Invest in a profitable impact-VC firm that grew 10x in 2021 with $6.5M TTM revenue*
|Location||George Town, Cayman Islands|
|Sectors||Finance & Payments Mixed Digital/Non-Digital Mixed B2B/B2C|
|Incorporation date||6 Apr 2017|
- 15x revenue growth with $6.5M TTM*
- Successfully acquired 3 other VCs reaching $300M+ in assets
- Investors in Vaccitech (NASDAQ), 23andMe (NASDAQ) and more
- Over 100 portfolio companies invested in across 10 funds
Learn more about secondary campaigns.
Future Planet is the impact-led, global venture capital firm built to invest in high-growth companies from the world's top universities and research centres. As a first-mover in the impact investing space, we have now invested over $300M into 100+ startups and spinouts seeking to profitably solve the world's greatest challenges in Climate Change, Education, Health, Sustainable Growth & Security.
Founded by Douglas Hansen-Luke in 2015, with a track record investing across emerging asset classes for 30 years, FPC is one of the only venture groups in the world to benchmark impactful growth-stage companies emerging from the founders and science of the world’s top ten centres of innovation.
This origination network creates a rich pipeline of mission-aligned entrepreneurs with game-changing innovations. To date our impact investment thesis has seen us back Vaccitech, the company that’s now listed on NASDAQ having supplied 1bn COVID-19 doses worldwide; Guideline, among Americas fastest-growing pension providers; 23andMe, who recently completed a $3.5BN IPO; Tokamak, a world leader in the race to Fusion Energy and Aria, revolutionising AI drug discovery.
We were also the first institutional venture capital firm to open our business to the crowd. Now we return to Seedrs having grown 10x+ in the last year, and have reserved 10% of this round for the crowd, as part of our commitment to democratise venture.
Substantial accomplishments to date
Since our last Seedrs raise we have acquired 3 funds, grown well over 10x, creating a high-growth, high-margin business with the stability of a profitable company:
⦿ $6.5M TTM revenue, with $6M in long term contracted ARR*
⦿ 15x YoY growth (Q3 2020-2021), 3x 2021 Revenue Targets*
⦿ Already a profitable business*
3x Acquisitions completed bringing the team to 20 seasoned investment professionals and AUM to $300M, including:
⦿ UKI2S the UKRI backed deep tech Seed fund,
⦿ Midven the Midland’s oldest venture manager,
⦿ RT Capital, the Oxford & Cambridge VC fund, and
⦿ MAI, manager of the British Innovation Fund.
Our four core funds are now tracking top quartile, with notable IPOs and Acquisitions including:
⦿ 23andMe: $3.5Bn NASDAQ listing via Virgin SPAC
⦿ Vaccitech: £500M NASDAQ listing
⦿ Inivata: $390M acquisition by NeoGenomics
⦿ Quethera: ~100x exit with milestones to Astellas
⦿ Cobalt: 10x exit to Agilent
We have now established deeper partnerships with core strategic partners and investors, creating a formidable network:
⦿ Co-investment: Barclays for UHNWIs and institutional investors + plans for Seedrs to leverage the crowd.
⦿ Investors: additions include Sovereigns, a number of large Family Offices, the British Business Bank, European Investment Fund, Pensions and Corporates.
⦿ University: In addition to Oxford Science Enterprises, Harvard’s Xfund, MIT Media-Lab’s E14 Fund, Berkeley Skydeck, we now have the mandate to raise a fund with a top 3 US university.
Three revenue streams combine to provide a strong diversified business:
1. Venture Funds: We manage over $300m in AUM across over 10 different venture funds, where we take on average a 2% fixed management fee, contracted for between 5-10+ years. Through acquisition and organic growth, our 5-year target is to grow this to $1-2Bn of Venture Assets. We also charge a 20% performance fee on these funds, of which 40% is retained by the company and the rest to our management team to ensure long-term alignment and commitment. Further, we are often investing a GP commitment, on which we expect a return.
2. Co-investment Platform: Large investors want access to our dealflow and the ability to invest alongside us. Our platform provides a steady flow of unique co-investment opportunities and pre-emption allocations, for which we charge management & performance fees. Our co-investors to date have included large royal family offices, corporates and institutions.
3. Introducer and Sub Advisory Business: We have signed partnerships to introduce deals to some of the largest private banks and corporations; we take introductory and management fees for specific mandates and deals that we have originated.
Future Planet Capital raised £3,171,231 of new investment in our recent Series A round, closing December 2021. The Seedrs campaign was oversubscribed, so to provide an opportunity for investors to be able join Future Planet Capital, we have created a share trade window through a secondary campaign.
A maximum of £185,976 of shares will be made available from two existing shareholders. The share price of £81 for the secondary offer is the same as the Series A round from December 2021.
The company has authority to raise a further £2-4M in the primary investment round at the same valuation, reserved for strategic investors, which may complete early 2022.
Shares purchased through a secondary campaign are not EIS eligible and Future Planet Capital has no current plans to apply for EIS accreditation in the future.
In 2021 Future Planet Capital acquired three other Venture Capital firms to bring the AUM to over $300m. As part of these recent acquisitions, the company has remaining obligations to the management teams as part of the buyouts of their funds/management companies.
The company has the cash and, as a default, can fund the remainder of the acquisition considerations out of cash flows generated by future profits from long-term contracted revenues acquired with the buyouts. Through raising capital from their recent round at the end of 2021, the company chose to accelerate payment of the deferred consideration for these acquisitions with the proceeds of that round. This will unencumber future contracted cash flows generated by these acquisitions that can instead be used for further acquisitions and organic growth, ultimately increasing earnings to reinvest into the business.
Outstanding obligations as part of Acquisitions:
Midven acquisition: The purchase price for the acquisition included deferred consideration of £840,000, of which £134,915 is due to be issued in equity as part of the December 2021 round and was factored into the pre-money valuation. £210,000 was paid from the proceeds of the December 2021 round. The remaining £495,085 will be repaid in June 2022.
Outstanding acquisition loan:
The company has recently signed a term sheet in respect of a loan secured against future revenues from one of their largest LPs totalling £1.7m. The loan is to fund a separate aspect of the above acquisition costs, and will be repaid over 6 years, commencing with a repayment of 20% of the loan amount on 1st April 2025, and then annually thereafter at 30%, 40% and 10% of the loan amount. This acquisition was driven by the LP as they believe in the value the company will bring as a manager to their existing and future assets. During the period of the loan the company will receive additional income in the form of restructuring fees of £283,332 per annum.
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