What Outward VC does

Outward VC (legal entity: Outward Capital LLP) is a London-based early-stage venture capital firm focused on pre-Series A founders building in fintech and adjacent sectors including insurance, real estate, legal services, healthcare, education, ecommerce, mobility, energy, work/HR and cybersecurity. The firm was founded by Devin Kohli and Kevin Chong; its maiden fund held its first close in September 2019 after a fundraising period running from 2017 to 2019, and it is registered as a Limited Liability Partnership in England and Wales (OC444023). It acts as an Appointed Representative of Frank Investments Limited under FCA regulation (FRN 627697). The firm invests tickets of £250,000 to £2,500,000 within rounds of up to £5 million, frequently as lead or co-lead investor, and explicitly targets UK-based founders at entry while accepting exceptional pre-revenue cases.

The core products are two funds — Outward VC Fund I (inaugural, 2019) and Outward VC Fund II (announced September 2024 with British Business Bank as anchor LP) — supported by a founder-facing Apply portal at outwardvc.com that includes a downloadable template term sheet. Across both vehicles Outward has backed more than 100 founders including Adclear, Capsa AI, Orbital, Steward, Monq, Infrawatch, Firenze, Veridox, elyndra, Bud Financial, Curve, Peppy, PrimaryBid, Supercede, Vauban, Anorak and Monese, with documented exits via Carta (Vauban, 2022), CLARK (Anorak, 2023) and Pockit (Monese, 2024). A flat eight-person team spanning 9 nationalities and 6 languages sources deals through direct IC engagement, an inbound application portal, network referrals and event-driven outreach.

The revenue model is two-stream: recurring management fees charged to Limited Partners across Fund I and Fund II, and performance-based carried interest realised on portfolio exits. Limited Partners include the British Business Bank alongside institutions, family offices and individuals, many of whom are current or former operators in banking, insurance, healthcare, legal services, real estate, investment management and wealth management. Marketing is built around the firm's website Journal of investment theses and founder interviews, an email newsletter, and earned media coverage of portfolio funding rounds.

Name

Outward VC

Legal name

Outward Capital LLP

Website

https://www.outwardvc.com/

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

1–10 employees

Short description

Outward VC is a London-based early-stage venture capital firm that invests £250k–£2.5m tickets in UK-based pre-Series A founders building in fintech and adjacent sectors (insurance, real estate, legal, healthcare, cybersecurity), backed by two funds and the British Business Bank.

Ownership category

akta.pro rank

Product category

Early-Stage Venture Capital Investing

NAICS

Miscellaneous Intermediation (52391)

SIC

Investment Advice (6282)

akta.pro primary industry

Sector-Focused Venture Capital (Vertical Specialists) (FSANAAAD)

Keywords

• Venture capital funding
• Pre-seed venture investing
• Early-stage fintech investment
• Startup seed funding
• Venture capital fund management

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Others, Marketing or Sales, Technology or R&D

Revenue model

1. Fund management fees: Recurring management fees charged to Limited Partners on Outward's VC funds (Fund I launched 2019; Fund II announced September 2024). LPs include British Business Bank plus other institutions, family offices and individuals.
2. Carried interest from portfolio exits: Performance-based economics from successful portfolio exits, including Vauban (sold to Carta in 2022, ~15 months after Outward's investment), Anorak (acquired by CLARK in 2023) and Monese (acquired by Pockit in 2024).

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels4 records

Core offering

Outward VC is an early-stage venture capital firm that invests in pre-Series A founders building in fintech and adjacent sectors (insurance, real estate, legal services, healthcare, education, ecommerce, mobility, energy, work/HR, cybersecurity). The firm makes its initial investment in funding rounds of up to £5 million, with ticket sizes from £250,000 to £2,500,000, often leading or co-leading rounds and providing post-investment platform support across hiring, partnerships and follow-on capital.

Product overview

Outward VC is an early-stage venture capital firm (operating as Outward Capital LLP, a UK Limited Liability Partnership registered in England and Wales, OC444023) that invests in pre-Series A founders solving problems in fintech and a broad set of adjacent sectors. Its core offerings are two flagship products — Outward VC Fund I (the maiden fund launched in 2019) and Outward VC Fund II (launched September 2024) — which together back companies across the full lifecycle of Outward's portfolio (e.g., Adclear, Capsa AI, Orbital, Steward, Monq, Infrawatch, Firenze, Veridox, elyndra, Bud, Curve, Peppy, PrimaryBid, Supercede). Surrounding the funds is a founder-facing application and term-sheet service, an Investment Committee and flat team model providing post-investment platform support, and content resources (Journal/Articles and Investment Theses) describing how the funds and portfolio relate to one another.

Differentiator

Problem solved

Functional benefit

Products and services

• Outward VC Fund I (Maiden Fund) Outward's inaugural venture capital fund, first closed in September 2019. Backed 100+ early-stage founders including Bud, ClearGlass, Curve, eXate, Infact Systems, IFG, Oneday, Orbital Witness (now Orbital), Peppy, Supercede and Vauban (exited to Carta). Made its first portfolio exit (Vauban to Carta) in less than three years from launch.
• Outward VC Fund II Outward's second institutional venture fund, launched in September 2024. Targets pre-Series A rounds of up to £5m with initial tickets ranging from £250,000 to £2,500,000. Focused on early-stage founders building in fintech and adjacent sectors (insurance, real estate, legal services, healthcare, education, ecommerce, mobility, energy, work/HR, cybersecurity), with a flat, collective team model and active lead, co-lead and follow-on participation.
• Outward VC Application & Term Sheet Service Public-facing founder application flow at outwardvc.com/apply with a downloadable template term sheet. Captures company details, round size, revenue, founder LinkedIn profiles, founding team gender and diversity data, and pitch decks for prospective pre-Series A founders seeking investment from Outward VC's funds.

Quantifiable outcome

• Initial investment tickets of £250,000–£2,500,000 within rounds of up to £5m
• +3 more outcomes

Named customers14 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Gowling WLG (UK) LLPminorOthersHost of Outward Capital LLP's registered office (4 More London Riverside, London SE1 2AU); acts as registered office service for the LLP (company number OC444023).

Scale indicators6 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Anthemis: London-based early-stage fintech venture capital firm; the closest direct peer given identical UK base, pre-Series A focus, and fintech-centric thesis with adjacent verticals. Comparable in check size and stage.
• Speedinvest: Vienna-based early-stage VC with a dedicated fintech vertical and similar pre-seed/seed ticket sizes. Directly comparable in stage, fintech focus and pan-European orientation.
• AlbionVC: London-based early-stage VC with fintech and deep tech focus; documented repeat co-investor with Outward in Firenze and Infact, indicating comparable thesis, stage and check size.
• Seedcamp: London-headquartered seed-stage VC investing across Europe; documented repeat co-investor with Outward in Orbital. Comparable in stage, geography and breadth of fintech coverage.
• LocalGlobe: London-based seed-stage VC; documented repeat co-investor with Outward in Orbital (co-led 2020 seed). Closely comparable on stage, geography and willingness to lead pre-Series A rounds.
• Hoxton Ventures: London-based early-stage VC backing European tech founders at pre-seed/seed; comparable stage and ticket size to Outward, with overlapping fintech thesis.
• Octopus Ventures: UK-based early/growth-stage VC with strong fintech exposure and European mandate; documented Outward co-investor in Monq. Comparable in fintech orientation and UK/Europe focus.
• Connect Ventures: London-based seed-stage VC backing fintech and B2B software; comparable in stage, ticket size and London/European focus.
• Triple Point Ventures: UK early-stage VC focused on deep tech and infrastructure; documented repeat co-investor with Outward in Infrawatch's pre-seed. Comparable on stage and ticket size.

Broad incumbents

• Index Ventures: Large pan-European VC with deep fintech franchise (Adyen, Wise, Revolut at earlier stages). Overlaps with Outward at the pre-Series A end but operates across stages and geographies with far larger funds.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/outwardvc

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries30 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments50 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Outward VC