About Outward
Outward is a venture capital firm founded in 2017. It is primarily based out of London, United Kingdom. As of Sep 2026, Outward is an active investor, having invested in 32 companies, with 8 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 $***** Seed round of Quartz Overall, Outward portfolio has seen 4 acquisitions including key companies like Monese, Curve and Vauban. A lot of funds co-invest with Outward, with names like Form Ventures sharing a substantial percentage of its portfolio. Outward has team of 5 people including 3 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 1 more
Portfolio Soonicorns
Outward's List of Top Investments
Outward has a portfolio of 32 companies. Their most notable investments are in Keyzy and eXate.Their portfolio spans across United Kingdom, Denmark and United States. They have invested in Enterprise Applications, FinTech, Consumer and 12 other sectors, across stages such as Seed, Series A and 1 more. Here is the list of top investments by Outward:
1. Monese
Provider of digital bank solutions for individuals and businesses. It offers savings and current accounts, prepaid cards for online offline purchases, bill payments, money transfers, and more. It features multi currency accounts enabling users to transact using multiple currencies. The application is available on Android and iOS platforms.
Key facts about Monese
- Founded Year: 2013
- Location: London (United Kingdom)
- Annual Revenue: £10M - £50M as on Dec 31, 2023
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $269M
- Employee Count: 146 as on May 31, 2026
- Investors: Kreos Capital, Kinnevik and 99 Others
- Latest Funding Round: Series C, May 01, 2024, $*****
- Highlight: Acquired
2. Curve
Provider of digital wallet software consolidating multiple payment card accounts. This application allows users to link various financial cards into a single interface for transaction management. The software enables users to switch payment sources for past transactions and provides tools for managing foreign currency exchanges. Additional features include automated card switching for declined transactions and installment payment options for specific purchases. The system integrates with mobile devices and wearable technology to facilitate contactless payments at retail locations.
Key facts about Curve
- Founded Year: 2015
- Location: London (United Kingdom)
- Annual Revenue: £10M - £50M as on Dec 31, 2023
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $323M
- Employee Count: 254 as on Aug 31, 2026
- Investors: ATW Partners, Isomer Capital and 105 Others
- Latest Funding Round: Series C, Mar 14, 2025, $*****
- Highlight: Acquired
3. Bud
Developer of open banking API and financial data analysis for businesses. It is an account-linked expense management platform that allows users to manage finances. Users can connect bank accounts and credit cards in one place and customize budgets by automatically categorizing expenses. It also provides access to various financial products such as pensions, insurance, currency exchange, investments, and more. Features open banking for accessing multiple bank account data via its proprietary aggregation technology.
Key facts about Bud
- Founded Year: 2015
- Location: London (United Kingdom)
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $103M
- Employee Count: 301 as on Aug 31, 2026
- Investors: Goldman Sachs, HSBC and 41 Others
- Latest Funding Round: Series B, Jan 31, 2023, $*****
- Highlight: Editors' Pick
4. PrimaryBid
Provider of a capital markets technology platform. It facilitates retail investor participation in public capital markets. The platform enables listed companies and issuers to conduct equity and fixed-income fundraises—such as IPOs, secondary offerings, and block trades—while allowing individual investors to invest alongside institutional participants on equal terms. It operates through integrations with investment banks, brokers, and wealth management platforms, providing a co-branded and compliant infrastructure for distributing investment opportunities at scale.
Key facts about PrimaryBid
- Founded Year: 2012
- Location: London (United Kingdom)
- Annual Revenue: £1M - £10M as on Mar 31, 2025
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $254M
- Employee Count: 91 as on Mar 31, 2025
- Investors: Abn Amro, SoftBank Vision Fund and 56 Others
- Latest Funding Round: Series C, Jan 08, 2022, $*****
- Highlight: Editors' Pick
5. Peppy
Provider of gynecology pediatric consultation services. The company has developed a platform that enables individuals to connect for consultation with doctors and clinicians. The platform has features for mental health management tasks, programs, group chats, live events, and more.
Key facts about Peppy
- Founded Year: 2018
- Location: London (United Kingdom)
- Annual Revenue: £0 - £1M as on Oct 31, 2021
- Stage: Series B
- Total Funding till date: $56.3M
- Employee Count: 157 as on Aug 31, 2026
- Investors: Felix Capital, Salica Investments and 10 Others
- Latest Funding Round: Series B, Jan 11, 2023, $*****
- Highlight: Editors' Pick
Outward's Year-on-Year Investment Trends
Outward has invested in 32 companies over the last 9 years, with an average of 3 new investments annually in the last 5 years. In 2025, it made 6 investments, while as of Sep 2026, it has made 6 investments in this year. Its most recent first time investment was in Quartz and most recent follow-on round was in Capsa AI.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 5 | 1 | 6 |
2025 | 5 | 1 | 6 |
2024 | 3 | 0 | 3 |
2023 | 2 | 3 | 5 |
2022 | 3 | 1 | 4 |
2021 | 4 | 0 | 4 |
2020 | 4 | 1 | 5 |
2019 | 2 | 0 | 2 |
2018 | 0 | 1 | 1 |
2017 | 1 | 0 | 1 |
Outward's Investments by Stage
Outward has made 18 investments in Seed stage with an average round size of $3.61M, 9 investments in Series A stage with an average round size of $6.71M and 2 investments in Series B stage with an average round size of $57.5M.Stage of entry | No. of Investments |
|---|---|
Seed | 18 |
Series A | 9 |
Series B | 2 |
Note: We have considered here, only first round of investments
Outward's Investments by Sector
Outward has a diverse portfolio, with companies operating in the Enterprise Applications, FinTech, Vertical SaaS, Consumer and Financial Services. Notably, it has invested in 31 Tech companies, 27 Software companies, 24 Enterprise (B2B) companies and at least 13 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 20 |
FinTech | 20 |
Vertical SaaS | 6 |
Consumer | 4 |
Financial Services | 4 |
Others | 20 |
Note: We have considered here, only first round of investments
Outward's Investments by Geography
Outward has made most investments in United Kingdom (26), followed by Denmark where it has made 2 investments.Country | No. of Investments |
|---|---|
United Kingdom | 26 |
Denmark | 2 |
United States | 2 |
Note: We have considered here, only first round of investments
Outward's recent investments
Outward has made 6 investments in 2026 so far. Quartz and Capsa AI are the latest among them.Here are the most recent investments by Outward:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Sep 16, 2026 | United Kingdom | Seed | 3020 | [+3] | |
Jun 10, 2026 | United Kingdom | Series A | 3262 | [+5] | |
May 20, 2026 | United Kingdom | Seed | 4381 | ||
Apr 21, 2026 | United Kingdom | Series A | 4204 | [+1] | |
Mar 17, 2026 | United States | Series A | 6721 | [+8] |
Acquired companies in Outward's Portfolio
4 companies from Outward's portfolio have been acquired. The most recent acquisition was Curve in Nov 2025 by Lloyds Banking Group for $*****.Here are Outward's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Nov 14, 2025 | Jan 29, 2019 | Series B | 5316 | |
Oct 10, 2024 | - | - | 8849 | |
Jan 25, 2023 | Jun 03, 2021 | Series A | 1198 | |
Jul 01, 2022 | May 06, 2021 | Seed | 3420 |
Team profile of Outward
Outward has a team of 5 members including 3 Partners located in United Kingdom. Outward's team does not sit on the board of any company as of now.Here is a list of all team members in Outward:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | London | - | ||
Partner | London | - | ||
Partner | London | - | - |
Co-investors of Outward
Over the past 9 years, 206 investors have co-invested in Outward's portfolio companies. This includes funds and angels.
- Invested before Outward: Seedcamp, Kima Ventures and 73 others have invested in rounds before Outward. There are 4 companies where Seedcamp has invested before Outward and 2 companies where Kima Ventures has invested before Outward.
- Top Co-investors of Outward: 87 investors entered a company along with Outward. These include investors like Form Ventures (4 companies).
- Invested after Outward: A total of 44 investors have invested in Outward's portfolio after their investments. Top Investors include Fuel Venture Capital (1 company), OneMain Financial (1 company) and Novum Group (1 company).
Recent News related to Outward
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Capsa AI raises $18m to solve private capital's data problemFinextra•Jun 11, 2026•Bek Ventures, Capsa AI, TX Ventures, Pivot Investment Partners and 3 others
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UK's Firenze Raises €6.8M to Expand Team Amid Demand SurgeBebeez•Apr 21, 2026•Firenzegroup, Outward, AlbionVC, Form Ventures
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Firenze raises £6m to bring Lombard lending to the mass affluentFinextra•Apr 21, 2026•Firenzegroup, AlbionVC, Form Ventures, Outward
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Orbital Witness Secures $60M to Modernize Real Estate Law with AISiliconAngle•Jan 26, 2026•Orbital, Brighton Park Capital, GCM Grosvenor, Rev and 9 others
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Monq secures £2.28 million Pre-Seed Investment led by Outward VCUK Tech Investment News•Nov 26, 2025•Outward, MONQ, Ennovi, Mercanis and 3 others
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Fintech compliance platform Adclear raises £2.1mUKTN•Nov 13, 2025•Adclear, Tenity, AFG, Outward and 8 others
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Veridox Raises £1M to Combat Insurance Fraud with Explainable AITech Funding News•Sep 23, 2025•Veridox, Outward, Solo Investments
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Firenze Closes £2.5m Seed Funding Round Led by Outward VC, the Backers of Curve, PrimaryBid and VaubanFintech Finance•Mar 26, 2025•Firenze, Outward, PrimaryBid, Form Ventures and 1 other
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