AI CAPITAL INTELLIGENCE
Solar (Phoenix Court) | Institution profile
Institution at a glance
Solar is Phoenix Court’s scale-up fund. Phoenix Court’s 2026 update reported 18 companies in the Solar pilot portfolio, with £5 billion in aggregate revenue and more than 8,500 jobs. These are firm-reported portfolio metrics, not investment returns.
Source verification date: · Phoenix Court currently lists LocalGlobe, Latitude, Solar and Basecamp on its platform website. Reported revenue and employment figures are portfolio aggregates; they are not fund returns. The Mistral financing total is the company-wide round amount, not Solar’s individual contribution.
Recorded financing connections
- Mistral AI2026-09-08 · Series D · EUR 3,000,000,000
These are recorded participations, not a complete portfolio or performance score.
Names follow their disclosed form. Descriptive English renderings of Chinese names are not verified legal names. Original quotations are shown in their source language.
Key facts
| Platform structure | Phoenix Court lists LocalGlobe, Latitude, Solar and Basecamp as funds on its current website. |
|---|---|
| Solar investment stage | Scale-up companies. |
| Solar portfolio examples | Monzo, Moove, Raspberry Pi, Fuse, Raisin, M-Kopa, Tide and Perk. |
| Scale-up context | Phoenix Court says domestic growth capital is scarce at this stage in its region. |
Organization background
Phoenix Court describes itself as a multi-stage investment platform. Solar backs companies at scale-up stage, where the firm says local growth capital is comparatively scarce. Published portfolio examples include companies in financial services, travel, climate, technology and other sectors.
Milestones
- 2005
Phoenix Court’s timeline says LocalGlobe was founded by Robin and Saul Klein.
- 2019
Phoenix Court’s timeline records the launch of Latitude.
- 2023
Phoenix Court’s timeline records the launch of its Solar pilot fund.
Public record
- Solar pilot portfolio (reported 22 September 2026): Phoenix Court said it had backed 18 companies, with £5 billion in aggregate revenue, 14 companies above £100 million in annual revenue and more than 8,500 jobs. These are portfolio aggregates reported by the firm, not fund returns.
- Mistral AI Series D (8 September 2026): Mistral listed Phoenix Court’s Solar fund among participants in its €3 billion company-wide financing. Solar’s individual contribution was not disclosed.
Official contact details
- Official website: Phoenix Court
- General enquiries: hello@phoenixcourt.co
- Office: 2 Brill Place, London NW1 1DX, United Kingdom
- Contact page: Phoenix Court contact page
Sources
- 1. Phoenix Court official website
Phoenix Court is a multi-stage investment company, home to LocalGlobe, Latitude, Solar and Basecamp.
- 2. About Phoenix Court
2005 LocalGlobe founded by Robin & Saul Klein. 2018 Phoenix Court opened in Somers Town. 2019 Latitude launched. 2023 Solar pilot fund launch.
- 3. Solar fund
For founders at the scaleup stage who believe that early is a state of mind, and that success doesn’t stop compounding. This is where domestic capital is scarcest in our region, and where too many companies are pushed overseas to find the funding they need to keep growing. Monzo, Moove, Raspberry Pi, Fuse, Raisin, M-Kopa, Tide and Perk are listed as companies backed at this stage.
- 4. Why Britain needs to back Britain
Our Solar pilot fund has backed 18 companies. Together these 18 companies have an aggregate revenue of £5bn, with 14 of them generating over £100M in annual revenue. They’ve created more than 8,500 high value new jobs across the country.
- 5. Mistral raises €3 billion in Series D financing
Existing investors a16z, ASML, Belfius, BNP Paribas CIB, Bpifrance, Carmignac, DST Global, Eurazeo, General Catalyst, Headline, Hillspire, Index Ventures, Korelya Capital, Lightspeed, NVIDIA, Phoenix Court's Solar fund (home to LocalGlobe, Latitude and Solar) and Salesforce Ventures participated in the round.
- 6. Phoenix Court contact page
General enquiries: hello@phoenixcourt.co. Somers Town / King’s Cross, 2 Brill Place, London NW1 1DX.