Staff, students and alumni at London School of Economics are set to benefit from Houghton Street Ventures, which will back seed and series A rounds.
Houghton Street Ventures, a UK-based venture capital firm, has been launched in partnership with London School of Economics (LSE) to invest in startups founded by the institution’s staff, students and alumni, according to AltFi.
The firm is headed by Adam French, previously the chief executive of wealth management platform Scalable Capital that fetched a $1.4bn valuation in a $183m round earlier this month.
Houghton Street Ventures, named after the road where LSE’s campus is located, will back seed and series A-stage businesses with a link to the school.
It will invest internationally across all verticals, although French said he expected sectors such as fintech, artificial intelligence, sustainability and e-commerce to feature prominently.