Investment Powerhouse Schroders Capital Doubles Its Venture Cap Bet with $600M GenAI-focused Fund

Storming ahead, Schroders Capital, a multinational investment bank hailing from the UK, is raising the stakes in the venture capital game. The firm has recently closed a bold $600 million fund, having its sights on venture capital funds, startups, and secondaries. This move signals the firm’s undeterred conviction in the future of generative AI, or GenAI, as a transformative stakeholder in global business.

The bank’s latest venture fund comes just months after its inaugural $500 million close for aiding young UK firms. Some of its notorious mustering from this maiden fund include AI avatar company, Synthesia, and legal tech firm, Luminance.

Featuring a broad mandate, the new fund promises to initiate investments across all stages, sectors, and regions. More intriguingly, it has projected a particular focus on businesses geared up to utilization the transformative power of GenAI.

Recently, Schroders made headlines when it bagged Molten Ventures’ investor, Dave Neumann. Dave joined the fraternity in April and went public about his role in managing direct investments at Series B and beyond, LP tickets for seed and Series A funds, and secondaries for funds and businesses.

The recent endeavours of Schroders contribute significantly to the bustling backdrop of the European venture capital scene, which, of late, has been a site of intense activity.