Latitude

Latitude is the growth-stage sister fund to LocalGlobe, headquartered in London and built explicitly to write the larger checks that LocalGlobe’s seed-stage portfolio outgrows. The fund exists because LocalGlobe found itself repeatedly watching its breakout companies raise Series B and C rounds led by US growth funds, and Latitude was structured to keep that capital domiciled with a partner who has been on the cap table since the beginning.

The investment thesis is straightforward: back the breakout AI and healthtech companies that have already proven product-market fit and need scale-up capital to pursue category leadership. Within healthcare, the fund concentrates on digital health, AI and machine learning applied to clinical workflows, and health IT and healthcare software platforms. Latitude is unapologetically a follow-on vehicle in spirit even when it leads new rounds, meaning it indexes heavily on companies with credible scale economics rather than untested hypotheses. The fund’s existence is itself a thesis statement that European AI and health companies should not have to look exclusively to US growth investors at Series B and beyond.

Latitude writes $5M to $25M checks and concentrates at Series B and Series C. That puts it firmly in the growth segment, and the firm is willing to lead, co-lead, or fill out rounds depending on existing syndicate dynamics. Geographically the focus is European AI and healthtech with global ambitions, though the LocalGlobe network spans both sides of the Atlantic and Latitude’s mandate explicitly contemplates international expansion-stage companies. Founders raising sub-$5M rounds should be talking to LocalGlobe rather than Latitude.

Team and partner names are not specified in the source data, so founders should engage through LocalGlobe’s introductions or through Latitude’s direct channels and expect the relationship to be coordinated across the broader LocalGlobe organization. The two funds operate as a continuum more than as separate entities for portfolio purposes.

Latitude’s approach is to pattern-match against LocalGlobe’s own portfolio for downstream signals and to underwrite hard around unit economics, retention, and the durability of AI moats. Founders should expect serious diligence on whether AI capabilities are genuinely differentiated versus thin wrappers around foundation models, and on whether healthcare go-to-market motions have produced repeatable enterprise sales. The fund is a strong fit for European-rooted breakouts that want a long-term capital partner who already understands the early chapters of the company. Founders looking for a hands-off check or a purely financial co-investor will find better matches among large generalist crossover funds.