Plural
European venture capital firm founded by experienced tech operators; participated in Phasecraft's $34M Series B (September 2025) and led Hypersonica's €23.3M Series A (February 2026).
Plural is an operator-led European venture capital firm founded in 2022 by four founders with prior exits of their own — Ian Hogarth, Sten Tamkivi, Khaled Helioui, and Taavet Hinrikus (co-founder of Wise and Skype/Teleport) — built around the idea that most European VCs lack operating experience. The firm invests from seed through Series A/B, with partners able to lead rounds and typically make around two investments per year each. Plural raised a €250M debut fund in 2022, a €400M Fund II in 2024, and was reportedly raising toward a €1B Fund III as of 2026.
Overview
- Firm
- Plural
- Headquarters
- London, United Kingdom
- Founded
- 2022
- AUM
- €250M (Fund I, 2022) + €400M (Fund II, 2024) ≈ €650M closed; Fund III reportedly targeting up to €1B as of 2026, not yet closed
- Stages
- Seed, Series A, Series B
- Thesis
- We're the investors we would have liked to have when we were building our own companies — hands-on operator support from founders who have built and exited technology companies themselves, rather than career-finance investors.
Portfolio companies2
Partners4
- FounderIan HogarthBritish tech entrepreneur and AI-policy figure; co-founded concert-discovery startup Songkick (2007) and VC firm fund:plural (2022); chairs the UK's AI Safety Institute (formerly the Frontier AI Taskforce).
- FounderSten TamkiviEstonian tech entrepreneur and operator-investor; longtime Skype executive who ran its Tallinn R&D hub, co-founded and sold relocation startup Teleport, and co-founded VC firm fund:plural (2022).
- FounderKhaled HeliouiTunisian-French venture capitalist and former gaming executive; co-founder of European VC firm Plural, and previously CEO of German games publisher Bigpoint through its 2016 acquisition by China's Youzu Interactive.
- FounderTaavet HinrikusEstonian entrepreneur and investor; co-founder of TransferWise (now Wise), Skype's first employee, and co-founder of European VC firm Plural.
Frequently asked
- What is Plural?
- We're the investors we would have liked to have when we were building our own companies — hands-on operator support from founders who have built and exited technology companies themselves, rather than career-finance investors.
- How much does Plural manage?
- Plural manages €250M (Fund I, 2022) + €400M (Fund II, 2024) ≈ €650M closed; Fund III reportedly targeting up to €1B as of 2026, not yet closed in assets, and was founded in 2022.
- What stages does Plural invest at?
- Plural invests at Seed, Series A, Series B.
Sources & citations4
Each claim links to its underlying source. Confidence reflects how directly the source supports the claim.
- 1
Four operator-founders (Hogarth, Tamkivi, Helioui, Hinrikus) launched Plural, a €250m fund, in June 2022.
Businesswire: Founders launch Plural, a €250m fund for fellow 'Unemployables' building Europe's next generation of tech companiesVerified2022-06-28 - 2
Plural's thesis and operating model, in the founders' own words.
TechCrunch: These four iconic European founders plan to kick the asses of VCs who never started a companyVerified2022-06-27 - 3
Phasecraft raised $34M/£25.3M Series B, co-led by Plural, Playground Global, and Novo Holdings (Sept 2, 2025).
Phasecraft: Phasecraft raises $34 million from Plural, Playground Global and Novo HoldingsVerified2025-09-02 - 4
Hypersonica raised a €23.3 million Series A led by Plural (announced Feb 10, 2026).
Hypersonica: Hypersonica Raises €23.3 Million Series A to Deliver Europe's First Sovereign Hypersonic Strike CapabilityVerified2026-02-10