About Planet First Partners
Planet First Partners is a venture capital firm founded in 2019. It is primarily based out of London, United Kingdom. As of Jun 2026, Planet First Partners is an active investor, having invested in 12 companies, with 2 new investments in the last 12 months. It primarily invests in Series C round in United Kingdom based startups. Its investments are spread across a wide range of sectors from High Tech to Consumer and Retail. Most recently it participated in the $***** Series D round of FINN Overall, Planet First Partners portfolio has seen 3 unicorns, namely FINN, Sunfire and Photonic. A lot of funds co-invest with Planet First Partners, with names like Kinnevik sharing a substantial percentage of its portfolio. Planet First Partners has team of 27 people including 7 partners.Key Metrics
Planet First Partners' List of Top Investments
Planet First Partners has a portfolio of 12 companies, including 3 unicorns. Their most notable investments are in FINN and Riverlane.Their portfolio spans across United Kingdom, Germany, Spain and 3 more locations. They have invested in High Tech, Consumer, Retail and 15 other sectors, across stages such as Series C, Series D and 2 more. Here is the list of top investments by Planet First Partners:1. Oviva
Provider of an online nutritional consultation platform for patients. It offers personalised dietary advice combined with unique digital tools. The dietitian offers personalized guidance based on their needs and answers user's questions in regard to dietary management solutions. They also help users to track their daily activities for better health outcomes. The app gives daily motivation and tips to users to reach their goals.
Key facts about Oviva
- Founded Year: 2014
- Location: London (United Kingdom)
- Annual Revenue: £10M - £50M as on Dec 31, 2025
- Stage: Series D
- Total Funding till date: $118M
- Employee Count: 943 as on Sep 30, 2026
- Investors: Earlybird, Temasek and 19 Others
- Latest Funding Round: Series D, Jan 22, 2026, $*****
- Highlight: Editors' Pick
2. CFS
Provider of tokamak nuclear fusion reactors. It uses rare-earth barium copper oxide in high-field superconducting magnets for the working of compact fusion reactors.
Key facts about CFS
- Founded Year: 2018
- Location: Cambridge (United States)
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $4B
- Employee Count: 1,124 as on Sep 30, 2026
- Investors: Temasek, DFJ Growth and 69 Others
- Latest Funding Round: Series C, Jul 30, 2026, $*****
- Highlight: Editors' Pick
3. FINN
Provider of flexible car subscription services with fixed monthly payments. The business offers access to various car brands and models. The subscriptions include insurance, maintenance, and registration. Customers can select a vehicle and arrange for delivery. At the end of the subscription, customers can select another vehicle.
Key facts about FINN
- Founded Year: 2019
- Location: Munich (Germany)
- Annual Revenue: €100M - €500M as on Dec 31, 2024
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $369M
- Employee Count: 591 as on Mar 31, 2026
- Investors: Runway Growth Capital, Copycat Holdings and 23 Others
- Latest Funding Round: Series D, Jun 24, 2026, $*****
- Highlight: Editors' Pick
4. Sunfire
Manufacturer of industrial alkaline and solid oxide hydrogen electrolysis systems. These technologies facilitate the production of hydrogen for industrial applications. The systems utilize electrochemical processes to split water into hydrogen and oxygen. The equipment is designed for integration into large-scale industrial infrastructure to support decarbonization efforts.
Key facts about Sunfire
- Founded Year: 2010
- Location: Dresden (Germany)
- Annual Revenue: €10M - €50M as on Dec 31, 2024
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $487M
- Employee Count: 504 as on Sep 30, 2026
- Investors: GIC, Commerzbank and 37 Others
- Latest Funding Round: Conventional Debt, Jan 07, 2025, $*****
- Highlight: Editors' Pick
5. Photonic
Provider of silicon integrated photonics and quantum optics. The company offers a transistor for integrated circuits microprocessor chips making them capable of holding multiple qubits. It also provides solutions for qubit performance, telecom networking, and silicon’s manufacturing scale, photonic’s silicon spin qubits materialize solutions for previously intractable problems.
Key facts about Photonic
- Founded Year: 2013
- Location: Coquitlam (Canada)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $342M
- Employee Count: 204 as on Aug 31, 2026
- Investors: Inovia Capital, Samsung Venture Investment and 14 Others
- Latest Funding Round: Series D, May 12, 2026, $*****
- Highlight: Editors' Pick
Planet First Partners' Year-on-Year Investment Trends
Planet First Partners has invested in 12 companies over the last 6 years, with an average of 2 new investments annually in the last 5 years. In 2025, it made 1 investment, while as of Jun 2026, it has made 3 investments in this year. Its most recent first time investment was in Oviva and most recent follow-on round was in FINN.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 2 | 1 | 3 |
2025 | 1 | 0 | 1 |
2024 | 3 | 2 | 5 |
2023 | 1 | 0 | 1 |
2022 | 1 | 0 | 1 |
2021 | 1 | 0 | 1 |
2020 | 1 | 0 | 1 |
Planet First Partners' Investments by Stage
Planet First Partners has made 4 investments in Series C stage with an average round size of $72.8M, 3 investments in Series D stage with an average round size of $129M, 2 investments in Series A stage with an average round size of $18.9M and 1 investment in Series B stage with an average round size of $863M.Stage of entry | No. of Investments |
|---|---|
Series C | 4 |
Series D | 3 |
Series A | 2 |
Series B | 1 |
Note: We have considered here, only first round of investments
Planet First Partners' Investments by Sector
Planet First Partners has a diverse portfolio, with companies operating in the High Tech, Energy Tech, Environment Tech, Sustainability Tech and Chemicals and Materials Tech. Notably, it has invested in 9 Tech companies, 8 Enterprise (B2B) companies, 3 Consumer (B2C) companies and at least 3 companies focusing on Tech hardware.Sector | No. of Investments |
|---|---|
High Tech | 6 |
Energy Tech | 4 |
Environment Tech | 4 |
Sustainability Tech | 4 |
Chemicals and Materials Tech | 2 |
Others | 15 |
Note: We have considered here, only first round of investments
Planet First Partners' Investments by Geography
Planet First Partners has made most investments in United Kingdom (4), followed by Germany where it has made 2 investments.Country | No. of Investments |
|---|---|
United Kingdom | 4 |
Germany | 2 |
Switzerland | 2 |
Canada | 1 |
Spain | 1 |
Others | 1 |
Note: We have considered here, only first round of investments
Planet First Partners' recent investments
Planet First Partners has made 3 investments in 2026 so far. FINN and Oviva are the latest among them.Here are the most recent investments by Planet First Partners:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jun 24, 2026 | Germany | Series D | 8691 | [+6] | |
Jan 22, 2026 | United Kingdom | Series D | 8631 | [+5] | |
Jan 06, 2026 | Canada | Series D | 4112 | [+3] | |
Aug 28, 2025 | United States | Series B | 1930 | [+34] | |
Oct 03, 2024 | Spain | Series C | 9486 | [+2] |
Unicorns in Planet First Partners' Portfolio
Planet First Partners has 3 unicorns in its portfolio - FINN, Photonic and Sunfire. The most recent unicorn in their portfolio is FINN. It became a unicorn in 2026, 2 years after Planet First Partners first invested in it.Here is a list of unicorns in Planet First Partners' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
67 | Provider of flexible car subscription services with fixed monthly payments | 2019 | Munich | Series D | abzdvcr | ||
67 | Provider of silicon integrated photonics and quantum optics | 2013 | Coquitlam | Series D | ugvlhnb | ||
67 | Manufacturer of industrial alkaline and solid oxide hydrogen electrolysis systems | 2010 | Dresden | Series E | fphqqkd |
Team profile of Planet First Partners
Planet First Partners has a team of 27 members including 7 Partners, 1 Venture Partner and 2 Principals located in United Kingdom, Belgium and 3 more locations. Planet First Partners' team does not sit on the board of any company as of now.Here is a list of top team members in Planet First Partners:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Belgium | - | - | |
Partner | London | - | ||
Partner | London | - | ||
Partner | London | - | ||
Partner | Belgium | - | ||
Partner | Florence | - | ||
Partner | Washington | - | ||
Venture Partner | France | - | ||
Principal | London | - | ||
Principal | London | - | - |
Co-investors of Planet First Partners
Over the past 6 years, 168 investors have co-invested in Planet First Partners's portfolio companies. This includes funds and angels.
- Invested before Planet First Partners: Europa, Temasek and 92 others have invested in rounds before Planet First Partners. There are 3 companies where Europa has invested before Planet First Partners and 2 companies where Temasek has invested before Planet First Partners.
- Top Co-investors of Planet First Partners: 40 investors entered a company along with Planet First Partners. These include investors like Kinnevik (1 company).
- Invested after Planet First Partners: A total of 34 investors have invested in Planet First Partners's portfolio after their investments. Top Investors include Hyundai Motor Group (1 company), Toloka (1 company) and Citi (1 company).
Recent News related to Planet First Partners
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German startup FINN hits €1B valuation in seven years by building on the belief Europeans would stop buying carsTech Funding News•Jun 24, 2026•FINN, Portage, White Star Capital, Planet First Partners and 6 others
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SevenVentures Invests in FINN as Part of Series D Funding RoundAdvanced Television•Jun 24, 2026•FINN, ProSiebenSat.1 Media, Portage, Runway Growth Capital and 5 others
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Photonic Inc. Secures Over $200M in Investment RoundGlobeNewswire•May 12, 2026•Photonic, Firgun Ventures, InBC, Planet First Partners and 8 others
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Photonic raises $130M to advance quantum computingEvertiq•Jan 12, 2026•TELUS Digital, Planet First Partners, Photonic, RBC Royal Bank and 1 other
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Quantum computing firm Photonic raises $180M with Royal Bank, Telus among investorsBNN Bloomberg•Jan 06, 2026•Planet First Partners, Photonic, RBC Royal Bank, TELUS Digital and 2 others
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Microsoft Partner Photonic Raises $131 Million for Quantum PushFinancial Post•Jan 06, 2026•Photonic, The Business Continuity Institute, Planet First Partners, Microsoft and 5 others
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As the use of the data center increases, Submer raises 55.5 million dollars to cool thingsOct 03, 2024•Submer, M&G, Planet First Partners, Norrsken VC and 8 others
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Riverlane: Quantum Error Correction Company Secures $75 MillionPulse 2.0•Aug 16, 2024•Riverlane, Planet First Partners, ETF Partners, EDBI and 4 others
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Riverlane Raises $75M in Series C FundingFinSMEs•Aug 07, 2024•Riverlane, Planet First Partners, ETF Partners, EDBI and 9 others
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‘Switzerland of quantum computing’ raises $75M for error-correction chipTechCodex•Aug 06, 2024•Riverlane, Planet First Partners, ETF Partners, EDBI and 6 others
