Ruth Foxe Blader, a former partner at Anthemis Group, recently founded her own venture firm called Foxe Capital after nearly seven years with the London-based company. Assisting her in this venture are her associates Kyle Perez, a previous investment associate at Anthemis, and operating partner Sophie Winwood. In her illustrious career, Blader led investments in more than 50 fintech startups, such as Lemonade, Branch, and Flock. Foxe Capital intends to continue offering support to innovative fintech startups by leveraging their vast experience and industry connections. The company’s primary objective is to concentrate on early-stage firms, providing essential capital and strategic guidance to help them succeed in the highly competitive fintech landscape.
Foxe Capital’s Independence and Relationship with Anthemis
Blader’s decision to leave Anthemis stemmed from her desire to invest independently. However, Foxe Capital will maintain its relationship with Anthemis by operating as a sub-advisor for the firm. In this capacity, the company will manage the vehicle Blader was initially hired to oversee in 2017 until all of Anthemis’s capital has been deployed. Although Anthemis will retain an economic stake in this vehicle, it will not have any ownership in the management firm. This collaborative arrangement enables both Anthemis and Foxe Capital to benefit from each other’s expertise and market insights. As Foxe Capital continues to grow and make independent investments, their relationship with Anthemis will remain strong and mutually beneficial.
Geographical Focus and Support from Anthemis
With its headquarters in New York City, Foxe Capital plans to invest globally, with the U.S. as its primary market. In a statement, an Anthemis spokesperson acknowledged Blader’s transition and emphasized the company’s ongoing support. The spokesperson expressed Anthemis’s confidence in Foxe Capital’s potential and looks forward to seeing the positive impact the new firm will have on the global investment landscape. The spokesperson also highlighted the continued strong relationship between the two firms as they both strive to drive innovation and growth in the financial industry.
Challenges and Restructuring at Anthemis Group
Anthemis Group has recently navigated a challenging period, which included a 28% reduction in its workforce due to restructuring in April 2021 and the withdrawal of plans to raise a SPAC the same month. Despite these setbacks, the company remains dedicated to its mission of investing in innovative fintech and insurtech firms and fostering digital transformation in various industries. Furthermore, Anthemis Group continues to concentrate on strengthening its core operations and creating strategic partnerships to ensure long-term sustainable growth.
Setbacks in Portfolio Firms and Shifting Focus
Over the past 18 months, several of Anthemis Group’s portfolio companies have faced significant challenges that impacted their operations and overall growth. These setbacks have prompted the company to shift its focus towards assisting these firms in addressing their respective issues and regaining stability in the market. By doing so, Anthemis Group continues to uphold its commitment to the success and growth of its portfolio companies and the fintech industry as a whole. In conclusion, the formation of Foxe Capital highlights the ongoing growth and evolution of the fintech landscape, with both Anthemis Group and Foxe Capital playing vital roles in shaping the industry’s future.
First Reported on: techcrunch.com
Frequently Asked Questions
What is Foxe Capital?
Foxe Capital is a venture capital firm founded by Ruth Foxe Blader, a former partner at Anthemis Group. The firm aims to provide support to innovative fintech startups through capital investment and strategic guidance. Foxe Capital primarily focuses on early-stage companies in the fintech industry.
Who are the key members of the Foxe Capital team?
Ruth Foxe Blader, the founder, is assisted in this venture by her associates Kyle Perez, a previous investment associate at Anthemis, and the operating partner Sophie Winwood.
What is the relationship between Foxe Capital and Anthemis?
Foxe Capital will maintain its relationship with Anthemis by operating as a sub-advisor for the firm. This collaborative arrangement enables both Anthemis and Foxe Capital to benefit from each other’s expertise and market insights. Anthemis will retain an economic stake in the vehicle managed by Foxe Capital but will not have any ownership in the management firm.
Where is Foxe Capital headquartered, and what is its geographical focus?
Foxe Capital is headquartered in New York City and plans to invest globally, with the U.S. as its primary market.
How does Anthemis Group support Foxe Capital?
Anthemis Group acknowledges Blader’s transition and expresses confidence in Foxe Capital’s potential. This support is reflected in the ongoing strong relationship between the two firms as they both strive to drive innovation and growth in the financial industry.
What challenges has Anthemis Group recently faced?
Anthemis Group has navigated a challenging period, including a 28% reduction in its workforce due to restructuring in April 2021 and the withdrawal of plans to raise a SPAC the same month. Despite these setbacks, Anthemis remains dedicated to investing in innovative fintech and insurtech firms and fostering digital transformation in various industries.
How has Anthemis Group shifted its focus in response to setbacks in its portfolio firms?
Anthemis Group has shifted its focus towards assisting affected portfolio firms in addressing their respective issues and regaining stability in the market. This approach reflects the company’s commitment to the success and growth of its portfolio companies and the fintech industry as a whole.
