About Cocoa
Cocoa is a venture capital firm founded in 2021. It is primarily based out of London, United Kingdom. As of Apr 2026, Cocoa is an active investor, having invested in 30 companies, with 4 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 $***** Seed round of Calibre 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 12 people including 6 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed & Series A
Portfolio Acquisitions
Portfolio Soonicorns
Cocoa's List of Top Investments
Cocoa has a portfolio of 30 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. 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: Series B
- Total Funding till date: $260M
- Employee Count: 89 as on Apr 30, 2026
- Investors: Inovia Capital, Founders Fund and 22 Others
- Latest Funding Round: Series B, May 13, 2026, $*****
- Highlight: Editors' Pick
2. 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: Ribbit Capital, Balderton Capital and 14 Others
- Latest Funding Round: Series B, Dec 18, 2025, $*****
- Highlight: Editors' Pick
3. 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: 55 as on Apr 30, 2026
- Investors: Northzone, Seedcamp and 4 Others
- Latest Funding Round: Seed, Mar 12, 2025, $*****
- Highlight: Editors' Pick
4. Pivot
Provider of source-to-pay platform streamlining procurement, spend management, and vendor relations. The platform offers modules for intake, procurement, vendor and contract management, and AP automation. It provides tools for budgeting, analytics, and risk assessment. The platform integrates with ERP, HR, and other business systems. It aims to improve visibility, control, and efficiency for procurement, finance, IT, and legal teams.
Key facts about Pivot
- Founded Year: 2023
- Location: Paris (France)
- Stage: Series B
- Total Funding till date: $66.9M
- Employee Count: 102 as on Apr 30, 2026
- Investors: Greyhound Capital, Emblem and 14 Others
- Latest Funding Round: Series B, May 21, 2026, $*****
- Highlight: Editors' Pick
5. Loctax
Compliance management platform. It features automate compliance processes, manage projects and risks and global tax operations with a centralised tax data platform. Its structured data repository brings all of the tax data and documents together in a single platform.
Key facts about Loctax
- Founded Year: 2020
- Location: London (United Kingdom)
- Stage: Acquired
- Total Funding till date: $12M
- Employee Count: 27 as on Apr 30, 2026
- Investors: Index Ventures, Dropbox and 12 Others
- Latest Funding Round: Series A, Sep 21, 2022, $*****
- Highlight: Acquired
Cocoa's Year-on-Year Investment Trends
Cocoa has invested in 30 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, while as of Apr 2026, it has made 2 investments in this year. Its most recent first time investment was in Calibre and most recent follow-on round was in Credibur.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 2 | 0 | 2 |
2025 | 2 | 0 | 2 |
2024 | 2 | 0 | 2 |
2023 | 8 | 0 | 8 |
2022 | 6 | 0 | 6 |
Cocoa's Investments by Stage
Cocoa has made 18 investments in Seed stage with an average round size of $5.75M and 2 investments in Series A stage with an average round size of $8.13M.Stage of entry | No. of Investments |
|---|---|
Seed | 18 |
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, HealthTech and Business Services. Notably, it has invested in 29 Tech companies, 25 Enterprise (B2B) companies, 22 Software companies and at least 11 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 12 |
FinTech | 7 |
High Tech | 5 |
HealthTech | 3 |
Business Services | 2 |
Others | 15 |
Note: We have considered here, only first round of investments
Cocoa's Investments by Geography
Cocoa has made most investments in United Kingdom (8), followed by France where it has made 4 investments.Country | No. of Investments |
|---|---|
United Kingdom | 8 |
France | 4 |
Germany | 2 |
Sweden | 2 |
United States | 2 |
Others | 2 |
Note: We have considered here, only first round of investments
Cocoa's recent investments
Cocoa has made 2 investments in 2026 so far - Calibre and Crewline.Here are the most recent investments by Cocoa:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Apr 22, 2026 | United Kingdom | Seed | 7975 | [+3] | |
Apr 22, 2026 | United States | Seed | 2432 | [+5] | |
Nov 18, 2025 | United Kingdom | Series A | 5568 | ||
Oct 20, 2025 | United Kingdom | Seed | 1936 | [+2] | |
Jul 26, 2024 | United Kingdom | Seed | 8153 | [+6] |
Acquired companies in Cocoa's Portfolio
1 company from Cocoa's portfolio has been acquired. The most recent acquisition was Loctax in Oct 2025 by Tax Systems for $*****.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 | - | - | 7981 |
Team profile of Cocoa
Cocoa has a team of 12 members including 6 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 | - | - | - | |
Venture Partner | London | - | - |
Co-investors of Cocoa
Over the past 4 years, 148 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: 106 investors entered a company along with Cocoa. These include investors like Seedcamp (5 companies).
- Invested after Cocoa: A total of 40 investors have invested in Cocoa's portfolio after their investments. Top Investors include Aria (1 company), Pat Gelsinger (1 company) and Accel (1 company).
Recent News related to Cocoa
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UK HealthTech Startup Calibre Raises €2.8M Funding In Pre-Seed RoundStartup Rise EU•Apr 22, 2026•Daybreak Ventures, Amino Collective, Cocoa, Calibre and 1 other
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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
