TLDR:
- Grwth Club has launched a consumer venture fund called Grwth Ventures with a £5M investment from MNC.
- Grwth Ventures will focus on sustainable growth in consumer products and technology.
The team behind Grwth Club has launched a new consumer venture fund called Grwth Ventures, with a £5 million cornerstone investment from employee-owned media planning and buying agency MNC. Grwth Ventures will focus on sustainable growth in consumer products and technology, aiming to align valuations with realistic exit multiples and investing patient capital into businesses with strong underlying economics at the Seed and Series A level. The fund will offer founders access to operational expertise and the wider Grwth network. Grwth Ventures represents the final step in the Grwth Club’s journey to ‘unbundle’ the traditional VC model and rebuild it for the modern economic environment. Founders of Grwth, Joe Benn and Jake Higgins, are excited to start investing and have a head-start on deal flow thanks to their work supporting hundreds of startups over the last two years.
