About Cocoa
Cocoa is a venture capital firm founded in 2021. It is primarily based out of London, United Kingdom. As of Nov 2025, Cocoa is an active investor, having invested in 28 companies, with 2 new investments in the last 12 months. It primarily invests in Seed round in United Kingdom based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and FinTech. Most recently it participated in the $***** Series A round of Condukt Overall, Cocoa portfolio has seen 1 acquisition, namely Loctax. A lot of funds co-invest with Cocoa, with names like Seedcamp sharing a substantial percentage of its portfolio. Cocoa has team of 13 people including 7 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed & Series A
Portfolio Acquisitions
Portfolio Soonicorns
Deals in last 12 months
Cocoa's List of Top Investments
Cocoa has a portfolio of 28 companies. Their most notable investments are in Papaya and Pivot.Their portfolio spans across United Kingdom, France, Germany and 6 more locations. They have invested in Enterprise Applications, High Tech, FinTech and 14 other sectors, across stages such as Seed, Series A stages. Here is the list of top investments by Cocoa:
1. Fuse Energy
Provider of cost-effective and sustainable electricity solutions. It provides users with a renewable energy company focused on accelerating the global transition to a greener energy landscape. The company is building a full-stack renewable energy business with cheaper tariffs, better service, and stronger environmental goals.
Key facts about Fuse Energy
- Founded Year: 2022
- Location: London (United Kingdom)
- Stage: Series B
- Total Funding till date: $158M
- Employee Count: 277 as on Mar 31, 2026
- Investors: Creandum, Balderton Capital and 14 Others
- Latest Funding Round: Series B, Dec 18, 2025, $*****
- Highlight: Editors' Pick
2. Mimo
Cashflow and payments management platform for businesses. It offers solutions for cash flow management, payments management, accounts payable, bookkeeping, reconciliation, and more. It allows users to pay any invoice with one click and extend payment terms to improve cash flow. It also offers financing solutions.
Key facts about Mimo
- Founded Year: 2023
- Location: London (United Kingdom)
- Stage: Seed
- Total Funding till date: $28.1M
- Employee Count: 54 as on Mar 31, 2026
- Investors: Seedcamp, Northzone and 4 Others
- Latest Funding Round: Seed, Mar 12, 2025, $*****
- Highlight: Editors' Pick
3. Fractile
Developer of AI chips for running large AI models. The company develops data center LLM inference accelerator for models with billions or hundreds of billions of parameters
Key facts about Fractile
- Founded Year: 2022
- Location: London (United Kingdom)
- Valuation: $*****
- Stage: Seed
- Total Funding till date: $17.5M
- Employee Count: 4 as on Dec 31, 2023
- Investors: Inovia Capital, University of Oxford and 12 Others
- Latest Funding Round: Angel, Feb 06, 2025, $*****
- Highlight: Editors' Pick
4. Atlar
API-integrated automated bank payment solutions. Initiate transfers, manage direct debits, and access company bank data through API and dashboard. Provides transfers, direct debits, and reconciliation solutions for consumers, and businesses.
Key facts about Atlar
- Founded Year: 2022
- Location: Stockholm (Sweden)
- Stage: Seed
- Total Funding till date: $4.99M
- Employee Count: 47 as on Jan 05, 2026
- Investors: Index Ventures, La Famiglia and 6 Others
- Latest Funding Round: Seed, Nov 08, 2022, $*****
- Highlight: Editors' Pick
Cocoa's Year-on-Year Investment Trends
Cocoa has invested in 28 companies over the last 4 years, with an average of 4 new investments annually in the last 3 years. In 2025, it made 2 investments. Its most recent first time investment was in Condukt and most recent follow-on round was in Credibur.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 2 | 0 | 2 |
2024 | 2 | 0 | 2 |
2023 | 8 | 0 | 8 |
2022 | 6 | 0 | 6 |
Cocoa's Investments by Stage
Cocoa has made 16 investments in Seed stage with an average round size of $5.82M and 2 investments in Series A stage with an average round size of $8.13M.Stage of entry | No. of Investments |
|---|---|
Seed | 16 |
Series A | 2 |
Note: We have considered here, only first round of investments
Cocoa's Investments by Sector
Cocoa has a diverse portfolio, with companies operating in the Enterprise Applications, FinTech, High Tech, Business Services and HealthTech. Notably, it has invested in 27 Tech companies, 24 Enterprise (B2B) companies, 20 Software companies and at least 11 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 12 |
FinTech | 7 |
High Tech | 4 |
Business Services | 2 |
HealthTech | 2 |
Others | 14 |
Note: We have considered here, only first round of investments
Cocoa's Investments by Geography
Cocoa has made most investments in United Kingdom (7), followed by France where it has made 4 investments.Country | No. of Investments |
|---|---|
United Kingdom | 7 |
France | 4 |
Germany | 2 |
Sweden | 2 |
Ireland | 1 |
Others | 2 |
Note: We have considered here, only first round of investments
Cocoa's recent investments
Cocoa has not made any investment in 2026 so far.Here are the most recent investments by Cocoa:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Nov 18, 2025 | United Kingdom | Series A | 5267 | ||
Oct 20, 2025 | United Kingdom | Seed | 7178 | [+2] | |
Jul 26, 2024 | United Kingdom | Seed | 4441 | [+6] | |
Apr 11, 2024 | United Kingdom | Seed | 5010 | [+2] | |
Dec 14, 2023 | United Kingdom | Seed | 2532 | [+7] |
Acquired companies in Cocoa's Portfolio
1 company from Cocoa's portfolio has been acquired. The most recent acquisition were Loctax in Oct 2025 by Tax Systems.Here are Cocoa's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Oct 08, 2025 | - | - | 8143 |
Team profile of Cocoa
Cocoa has a team of 13 members including 7 Partners and 1 Venture Partner located in United Kingdom, India and 2 more locations. Cocoa's team sits on the board of 1 company.Here is a list of top team members in Cocoa:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Italy | - | ||
Partner | - | - | ||
Partner | - | - | ||
Partner | London | - | ||
Partner | Paris | - | - | |
Partner | - | - | - | |
Partner | London | - | ||
Venture Partner | London | - | - |
Co-investors of Cocoa
Over the past 4 years, 124 investors have co-invested in Cocoa's portfolio companies. This includes funds and angels.
- Invested before Cocoa: Seedcamp and Serge Chiaramonte have invested in rounds before Cocoa. There is 1 company where Seedcamp has invested before Cocoa and 1 company where Serge Chiaramonte has invested before Cocoa.
- Top Co-investors of Cocoa: 96 investors entered a company along with Cocoa. These include investors like Seedcamp (5 companies).
- Invested after Cocoa: A total of 26 investors have invested in Cocoa's portfolio after their investments. Top Investors include Project A (1 company), Aria (1 company) and Pat Gelsinger (1 company).
Recent News related to Cocoa
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Condukt Funding fuels Condukt’s compliance pushBdaily•Nov 19, 2025•Condukt, MMC Ventures, Lightspeed Venture Partners, Cocoa
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Cyclana Bio Raises £5M in Pre-Seed FundingFinSMEs•Oct 20, 2025•Cocoa, Wilbe, Eka Ventures, NFX and 1 other
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Hyperline Secures Further $10m Seed Investment Led By Index VenturesFinancial IT•Jan 16, 2025•Hyperline, Index Ventures, Adelie, Kima Ventures and 1 other
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Paris-based Gladia Raises $16 Million in Series A Round FundingStartup Rise EU•Oct 15, 2024•Gladia, XAnge, Illuminate Financial, XTX Markets and 10 others
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Oxford Science Enterprises-backed Fractile raises £11.7mThe Business Magazine•Aug 08, 2024•Fractile, Oxford Science Enterprises, Kindred Capital, NIF and 2 others
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Fractile Raises $15M in Seed FundingFinSMEs•Jul 26, 2024•Fractile, Kindred Capital, Oxford Science Enterprises, Inovia Capital and 4 others
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Mimo raises GBP 15.5 mln and launches B2B payments platformThe Paypers•Apr 12, 2024•Northzone, Mimo, Cocoa, and 9 others
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Arcane Raises $5M in Seed FundingFinSMEs•Dec 14, 2023•Arcane, Accel, Cocoa, Firstminute Capital and 2 others
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SG-based Lendela raises $5m to fuel expansion in Asia PacificTech in Asia•Nov 23, 2023•Lendela, Genting Ventures, Phillip CFD, Cocoon Capital and 3 others
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Tilebox: Austrian founder raises $1.7 million for his US startupTrending Topics•Aug 02, 2023•Tilebox, Cocoa, Remote First Capital, Tilebox and 3 others
