LocalGlobe

Saul Klein and Robin Klein function as the final decision-makers on portfolio commitments. The firm operates a flat partnership structure where both founders share investment committee authority. Individual deal partners lead sourcing and diligence within thematic areas, but no major capital allocation occurs without the direct involvement of the Klein family principals.

LocalGlobe's sourcing relies heavily on its network of operator-founders who previously worked at portfolio companies such as Wise, Deliveroo, and Revolut. The firm also runs Basecamp, a structured community programme housed within Phoenix Court that provides office space, mentorship, and a pathway to a first check. This in-house scout system generates a persistent pipeline of London and Cambridge-based technical founders.

LocalGlobe is a traditional venture capital firm managing third-party institutional capital, not a single family office. However, the Klein family exercises unusual control through the parent entity Phoenix Court Group, which clusters LocalGlobe, Latitude, and Basecamp under common leadership while keeping investment committees separate. This creates a family-influenced governance structure distinct from the typical delegated-partner model at London VCs.

LocalGlobe invests almost exclusively through direct equity positions in seed-stage companies, not as a limited partner in other funds. The sister fund Latitude extends the same direct investment philosophy into growth-stage rounds. To date there is no public record of Phoenix Court Group entities making fund-of-funds commitments into third-party managers.

LocalGlobe has historically avoided hardware-intensive sectors such as semiconductor fabrication and pure-play medical devices, preferring asset-light software and marketplace business models. The firm also shows minimal exposure to oil-and-gas or extractive-industry technology. It has not publicly articulated a formal exclusions list, but portfolio data across a decade shows a strong negative tilt toward capital-intensive industrial tech in favour of digital platforms.

All three entities sit inside Phoenix Court Group, which Robin and Saul Klein control. LocalGlobe writes first checks from pre-seed to seed. Latitude then leads or participates in Series B and growth rounds for companies that graduated from LocalGlobe's portfolio or originated through Basecamp, the community and mentorship programme. Legally they are separate fund management companies with distinct limited partner bases, but the investment teams coordinate closely and share the same King's Cross headquarters.

There is no public record of a dedicated Klein family philanthropic foundation formally linked to LocalGlobe or Phoenix Court Group. The firm publishes investment guides and community materials freely as a form of ecosystem contribution, but this does not appear to be routed through a tax-advantaged charitable entity. Any private philanthropy by the Kleins is not disclosed through the firm's professional channels.