London Co-investment Fund
UK co-investment fund backing London-linked startups; participated in Phasecraft's pre-seed, seed, and Series A rounds.
The London Co-investment Fund (LCIF) is a public-private venture capital co-investment vehicle, launched by the Mayor of London in December 2014 and administered by Funding London. Rather than leading rounds itself, LCIF matches capital from the Mayor of London (via the London Economic Action Partnership) alongside a panel of private co-investment partners — including, at various points, Wellington Partners, Playfair Capital, Seedcamp, Albion Capital, and others — into seed-stage London tech, science, and digital startups raising £250,000–£1,000,000.
Overview
- Firm
- London Co-investment Fund (LCIF)
- Headquarters
- London, UK
- Founded
- 2014
- AUM
- ~£85M total potential capital (£25M from the Mayor of London, up to £60M matched from private co-investment partners); ~£27M deployed across ~155 companies per Funding London's own reporting
- Stages
- Seed
- Thesis
- Match public and private capital into promising early-stage London startups, screened for job-creation potential and strong return prospects, without LCIF itself sourcing or leading deals.
Portfolio companies1
Partners0
No linked records yet.
Frequently asked
- What is London Co-investment Fund?
- Match public and private capital into promising early-stage London startups, screened for job-creation potential and strong return prospects, without LCIF itself sourcing or leading deals.
- How much does London Co-investment Fund manage?
- London Co-investment Fund manages ~£85M total potential capital (£25M from the Mayor of London, up to £60M matched from private co-investment partners); ~£27M deployed across ~155 companies per Funding London's own reporting in assets, and was founded in 2014.
- What stages does London Co-investment Fund invest at?
- London Co-investment Fund invests at Seed.
Sources & citations2
Each claim links to its underlying source. Confidence reflects how directly the source supports the claim.
- 1
The Mayor of London launched an £85m London Co-investment Fund in December 2014, matching £25m of public capital with up to £60m from private co-investment partners into £250k-£1m seed rounds.
City A.M.: Boris Johnson launches £85m fund to lift London's tech start-upsVerified2014-12-04 - 2
LCIF has deployed £27m to date, supporting 155 companies, administered by Funding London.
Funding London: London Co-investment Fund (LCIF)Verified2026-08-09