Launchbay Capital Holds 1st Close of $100M VC Secondary Growth Fund

Launchbay Capital, a multi-stage investment firm, announced the first close of its $100 million VC secondary growth fund with over 25% committed by a group of early investors.

The fund is focused on creating liquidity in growth stage venture-backed technology companies with potential exits in three to four years.

“Our data-driven valuation methodology allows us to be fully transparent with prices and create accurate, fast-paced roadmaps to liquidity and capital recirculation, both of which are more essential within the current inflationary, post-pandemic market,” said Alan Vaksman, founding partner at Launchbay Capital.

London-based Launchbay is led by a team who have spearheaded early investments in major brands like Swedish fintech company Klarna, insurance company Lemonade, and project management software firm Monday.com, among others.

Unlike traditional VC investments, which can last decades, Launchbay Capital’s secondary growth fund has a four-year investment period, allowing investors to tactically realize returns, recycle capital more quickly, and access secondary exit opportunities in addition to traditional avenues such as IPOs or M&A.

“We write smaller tickets and target growth-stage, venture-backed companies to enable diversification and broader investor participation, but also to facilitate faster exits through the secondary market itself to provide the capital flexibility today’s industry currently lacks,” added Vaksman.

This firm has also rebranded from its former name Digital Horizon.

Launchbay Capital manages over $300 million across more than 55 privately held global technology companies spanning fintech, SaaS, AI healthcare and more.