Basecamp

Phoenix Court was buzzing this afternoon at the start of London Tech Week…where all the conversation was about national, regional and global champions of tech. 💡 Our co—COO Catherine Lenson welcomed everyone to Somers Town in the heart of New Palo Alto and set the scene to introduce a new way of looking at tech companies right across EMEA. Welcome to the Age of Thoroughbreds, finally… 🐎Our co-founder Saul Klein set the scene describing how "Thoroughbred" companies are a powerful and growing cohort, with details from Dealroom.co's Yoram Wijngaarde. Here’s what you need to know: Thoroughbreds are tech companies with over $100M in annual revenues  Colts are making revenues of $25M to $100M annual revenues And here’s the formula: hope promise x fundamentals = champions Where the hope and promise of unicorns is combined with real revenues, from businesses making real products and services. The thoroughbreds in action: 📈M-KOPA President and MD Mayur Patel in conversation with former L&G CEO Nigel Wilson on how MKopa recently surpassed $300M in revenue and has over 4 million customers, while keeping economic inclusion at its core. 🚗HSBC Innovation Banking UK’s CEO Erin Platts and Moove’s Chief Capital Strategy and Impact Officer Tingting Peng explored how Moove has scaled fast from a colt to a thoroughbred! Moove’s meteoric growth journey over the past few years, including launches in the UK, and UAE, shows great companies can come from anywhere, as well as how its innovative approach to improving access to credit for ride-hailing and platform drivers. 💳 UK Thoroughbred Tide’s Chief Product Officer Vinay Ramani spoke to M&G Investments’s Head of Impact & Private Equity Alex Seddon on how Tide grabbed 10% market share of UK business banking through supporting micro SMEs. With $250M ARR and $3 billion in deposits, Tide is on a mission to reach $1B ARR through expanding globally. 🔬 And championing British UK tech and innovation, we closed with some stirring words from former Chief Scientific Adviser, Sir Patrick Vallance interviewed by Bloomberg’s Parmy Olson From healthcare to life sciences, AI and deep tech, Sir Patrick talked about his huge enthusiasm for UK science and technology, particularly noting how so many researchers and academics want to develop their research into startups. With greater support, infrastructure and capital we can help this new generation of entrepreneurs compete on the same level as their Palo Alto counterparts. #LTW24 #Thoroughbreds #NewPaloAlto

Phoenix Court Presents - a Gathering of Europe’s Top Product Minds This week, we hosted the inaugural event of our Leadership Dinner Series, bringing together over 40 of Europe's most distinguished product leaders at our home, Phoenix Court. We were delighted to host product leaders from both our portfolio companies, such as Faculty, TravelPerk, Yapily, and Yonder from the broader ecosystem, with Google DeepMind, Spotify, Trainline and WhatsApp, joining us as well. Huge thanks to our fireside chat guests, Tanya Cordrey, Scott Eblen and Ross McNairn for sharing your product wisdom and helping to kick start the conversation, and a special shout out to Riviera Partners for their support in helping us to bring this community together. We’re planning more events in our Phoenix Court Presents - Leadership Dinner Series so watch this space! LocalGlobe Latitude