ThoreNext

ThoreNext

ThoreNext was established in 2016 by sisters Lucy and Sally Thore, structured as the direct-investment vehicle for a branch of the Thore family, whose primary wealth stems from a multi-generational holding in AB Traction, the Swedish-listed industrial investment company. Rather than replicate the public-markets orientation of the family's legacy vehicle, the sisters built ThoreNext to capture early-stage technology exposure in the UK and Europe, operating with a lean, principal-driven decision-making process from its London base. The firm invests exclusively via direct equity, targeting pre-seed and seed rounds in B2B software, fintech, AI-enabled platforms, and digital health. Initial cheque sizes range from £250,000 to £2 million, with capacity for follow-on investment in subsequent rounds. Confirmed portfolio positions include regulatory technology provider ClauseMatch, purchased by The London Stock Exchange Group in 2020, and carbon-accounting platform CarbonChain. The practice concentrates on UK-headquartered companies, with selective exposure to pan-European startups, and evaluates deal flow sourced through London's venture networks and the family's existing industrial relationships. ThoreNext operates with a deliberately compact structure, run by its two principals with a small supporting team. The firm makes no external fund commitments, participates in select co-investor rounds alongside other European specialist family offices, and has not established adjacent philanthropic or fund-management vehicles. In January 2024, the firm co-led a £1.5 million pre-seed round into carbon-accounting software firm CarbonChain alongside Pale Blue Dot, a climate-focused seed fund (per Sifted, January 2024). Its structural signature is the separation of technology principal investing from the legacy Thore family holding-company architecture — an uncommon configuration among European industrial-family offices, most of which integrate new technology exposures within a single balance-sheet statement. By creating an autonomous legal entity with its own investment committee, the sisters maintain independence from the Traction board while drawing on the industrial knowledge and network that the wider family enterprise commands.