About Jigsaw
Jigsaw is a venture capital firm founded in 2019. It is primarily based out of London, United Kingdom. As of Feb 2026, Jigsaw is an active investor, having invested in 35 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 FinTech and Consumer. Most recently it participated in the $***** Series B round of Lawhive Overall, Jigsaw portfolio has seen 5 unicorns and 4 acquisitions including key companies like Carta, Tide and Next Insurance. A lot of funds co-invest with Jigsaw, with names like TQ Ventures sharing a substantial percentage of its portfolio.Key Metrics
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series B & 3 more
Portfolio Acquisitions
Portfolio Soonicorns
Jigsaw's List of Top Investments
Jigsaw has a portfolio of 35 companies, including 5 unicorns. Their most notable investments are in Swallow and Kaizan.Their portfolio spans across United Kingdom, United States, Australia and 3 more locations. They have invested in Enterprise Applications, FinTech, Consumer and 18 other sectors, across stages such as Seed, Series B and 3 more. Here is the list of top investments by Jigsaw:
1. Carta
Software-based equity management solutions. It offers features solutions for valuation, equity planning, transfer agents, electronic securities, scenario modeling, fund administration, portfolio data collection, and more. It offers solutions to multiple sectors including private companies, investors, and public companies. It also offers ESOP management solutions.
Key facts about Carta
- Founded Year: 2012
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series G
- Total Funding till date: $1.16B
- Employee Count: 5,728 as on Sep 30, 2026
- Investors: Meritech, Silver Lake and 140 Others
- Latest Funding Round: Series G, Aug 13, 2021, $*****
- Highlight: Editors' Pick
2. Canva
Cloud-based collaborative design platform. It enables users to create various digital content, including social media posts, presentations, and videos, through its drag-and-drop editor. The platform provides access to thousands of templates, photos, and fonts, and offers AI-powered tools for users to enhance design abilities. It allows users to edit images for presentations, invitations, posters, flyers, business cards, and more. The platform offers pre-designed templates and effects. It also provides a stock library of photographs, illustrations, and images.
Key facts about Canva
- Founded Year: 2012
- Location: Surry Hills (Australia)
- Annual Revenue: $500M - $1B as on Dec 31, 2022
- Valuation: $*****
- Stage: Series F
- Total Funding till date: $589M
- Employee Count: 20,257 as on Sep 30, 2026
- Investors: T. Rowe Price, Dragoneer Investment Group and 58 Others
- Latest Funding Round: Series F, May 01, 2024, $*****
- Highlight: Editors' Pick
3. Tide
Digital business banking platform. It provides entrepreneurs, freelancers, and small companies with a digital business account and a suite of financial tools. It enables users to manage payments, issue invoices, track expenses, and access bookkeeping and tax filing features designed to support compliance with local regulations such as Making Tax Digital. It also offers additional services including business loans, payroll tools, card readers, savings accounts, and company registration support, aiming to simplify day-to-day financial operations and reduce administrative overhead for small businesses.
Key facts about Tide
- Founded Year: 2015
- Location: London (United Kingdom)
- Annual Revenue: £100M - £500M as on Dec 31, 2024
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $181M
- Employee Count: 3,462 as on Sep 30, 2026
- Investors: TriplePoint Capital, MS&AD Ventures and 46 Others
- Latest Funding Round: Series C, Sep 22, 2025, $*****
- Highlight: Editors' Pick
Provider of online small business insurance policies. It offers various coverages, including general liability, workers' compensation, commercial property, and professional liability insurance. Policies are tailored to different business types and professions. The company provides online quotes and instant access to certificates of insurance. Claims adjudication is handled in-house for faster processing. The platform uses AI-based technology to streamline the process and provide efficient service.
Key facts about Next Insurance
- Founded Year: 2016
- Location: Palo Alto (United States)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $1.12B
- Employee Count: 549 as on Jun 30, 2026
- Investors: Founders Circle Capital, CapitalG and 27 Others
- Latest Funding Round: Series E, Oct 02, 2023, $*****
- Highlight: Acquired
5. Revolut
Provider of banking solutions for retail customers and businesses. It provides users with a platform that offers a comprehensive suite of features designed to simplify financial management and enhance user experience.
Key facts about Revolut
- Founded Year: 2015
- Location: London (United Kingdom)
- Annual Revenue: £1B+ as on Dec 31, 2025
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $1.99B
- Employee Count: 20,473 as on Sep 30, 2026
- Investors: Star Tech NG, TSG Consumer Partners and 150 Others
- Latest Funding Round: Series E, Feb 18, 2025, $*****
- Highlight: Editors' Pick
Jigsaw's Year-on-Year Investment Trends
Jigsaw has invested in 35 companies over the last 6 years, with an average of 2 new investments annually in the last 5 years. As of Feb 2026, it has made 2 investments in this year. Its most recent first time investment was in Lawhive and most recent follow-on round was in Refyne.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 2 | 0 | 2 |
2025 | 0 | 0 | 0 |
2024 | 0 | 0 | 0 |
2023 | 2 | 0 | 2 |
2022 | 4 | 0 | 4 |
2021 | 3 | 2 | 5 |
2020 | 3 | 0 | 3 |
Jigsaw's Investments by Stage
Jigsaw has made 7 investments in Seed stage with an average round size of $3.38M, 3 investments in Series B stage with an average round size of $73.3M, 2 investments in Series A stage with an average round size of $11M, 1 investment in Series C stage with an average round size of $100M and 1 investment in Unattributed stage with an average round size of $10M.Stage of entry | No. of Investments |
|---|---|
Seed | 7 |
Series B | 3 |
Series A | 2 |
Series C | 1 |
Unattributed | 1 |
Note: We have considered here, only first round of investments
Jigsaw's Investments by Sector
Jigsaw has a diverse portfolio, with companies operating in the Enterprise Applications, FinTech, Vertical SaaS, Consumer and Sustainability Tech. Notably, it has invested in 34 Tech companies, 27 Enterprise (B2B) companies, 24 Software companies and at least 16 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 11 |
FinTech | 4 |
Vertical SaaS | 4 |
Consumer | 2 |
Sustainability Tech | 2 |
Others | 11 |
Note: We have considered here, only first round of investments
Jigsaw's Investments by Geography
Jigsaw has made most investments in United Kingdom (7), followed by United States where it has made 3 investments.Country | No. of Investments |
|---|---|
United Kingdom | 7 |
United States | 3 |
Bulgaria | 1 |
Canada | 1 |
Finland | 1 |
Others | 1 |
Note: We have considered here, only first round of investments
Jigsaw's recent investments
Jigsaw has made 2 investments in 2026 so far - Lawhive and LawHive.Here are the most recent investments by Jigsaw:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Feb 05, 2026 | United Kingdom | Series B | 8234 | [+5] | |
Feb 05, 2026 | United States | Series B | 8589 | [+4] | |
Jul 05, 2023 | United Kingdom | Series A | 5378 | [+5] | |
May 09, 2023 | United Kingdom | Seed | 7577 | ||
May 18, 2022 | Canada | Seed | 9754 | [+5] |
Unicorns in Jigsaw's Portfolio
Jigsaw has 5 unicorns in its portfolio - Tide, Grover, Payhawk and others. The most recent unicorn in their portfolio is Tide. It became a unicorn in 2025, 4 years after Jigsaw first invested in it.Here is a list of unicorns in Jigsaw's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
80 | Provider of digital financial management tools for small business owners | 2015 | London | Series C | qefktkx | ||
66 | Online retailer of various consumer electronic devices and home appliances | 2015 | Miami | Series C | qsmjfzw | ||
68 | Provider of spend management platform with AI-powered automation and control | 2018 | Sofia | Series B | vqlrug{ | ||
76 | Food technology company digitizing the food supply chain through B2B eCommerce | 2014 | San Francisco | Series H | ko{erhz | ||
86 | Software-based equity management solutions | 2012 | San Francisco | Series G | nxzvpsx |
Acquired companies in Jigsaw's Portfolio
4 companies from Jigsaw's portfolio have been acquired. The most recent acquisition was Disperse in Oct 2025 by OpenSpace for $*****.Here are Jigsaw's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Oct 28, 2025 | - | - | 9359 | |
Mar 20, 2025 | - | - | 6204 | |
Mar 23, 2022 | - | - | 8787 | |
Aug 27, 2018 | May 18, 2022 | Seed | 8846 |
Co-investors of Jigsaw
Over the past 6 years, 124 investors have co-invested in Jigsaw's portfolio companies. This includes funds and angels.
- Invested before Jigsaw: Tiny, Capability and Innovation Fund UK Government and 47 others have invested in rounds before Jigsaw. There are 2 companies where Tiny has invested before Jigsaw and 1 company where Capability and Innovation Fund UK Government has invested before Jigsaw.
- Top Co-investors of Jigsaw: 49 investors entered a company along with Jigsaw. These include investors like TQ Ventures (2 companies).
- Invested after Jigsaw: A total of 26 investors have invested in Jigsaw's portfolio after their investments. Top Investors include Fasanara (1 company), TPG (1 company) and Pictet Group (1 company).
Recent News related to Jigsaw
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Lawhive raises $ 40 million to prosecute the most important American lawyersDec 05, 2024•Lawhive, Google Ventures, TQ Ventures, Balderton Capital and 3 others
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Yonder secures GBP 23.4 mln in new fundingThe Paypers•Sep 19, 2024•Yonder, Jigsaw, RTP Global, Latitude
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Revolut, Canva investor leads £23.4M investment in London fintech fixing credit card woes for millennialsTech Funding News•Sep 19, 2024•Revolut, Yonder, Canva, RTP Global and 5 others
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Swallow closes $1 million investment, to put pricing teams back at the heart of pricing operationsFintech Finance•Sep 12, 2023•Swallow, Connect Ventures, Jigsaw
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Kinnu, AI edtech startup from London scores $6.5M to transform learning processTech Funding News•Jul 05, 2023•Kinnu, LocalGlobe, Cavalry Ventures, Spark Capital and 1 other
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Pan African Fintech App Bamba Secures $3.2 Million in Seed Funding Round Led by 468 CapitalInnovation-village•May 18, 2022•Bamba, 468 Capital, Presight Capital, Jigsaw and 5 others
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AI firm Kaizan raises $1.2m for ‘Siri for client teams’ platformUKTN•May 18, 2022•Kaizan, Jigsaw, Entrepreneurs First, Charlotte Street Capital and 9 others
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Payhawk Becomes First Ever Bulgarian Unicorn After Raising $100MFintech Finance•Mar 01, 2022•Payhawk, Lightspeed Venture Partners, Sprints Capital, Endeavor and 16 others
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Earned wage access platform Refyne raises $82 million in Series B round led by Tiger GlobalMoneycontrol•Jan 12, 2022•Refyne, Tiger Global Management, QED Investors, DST Global and 5 others
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