Crasner Ventures sells its stake in Maiden Investment Kissoon Carr
LONDON–(BUSINESS WIRE)–Crasner Ventures, the early-stage venture capital platform that pioneered diversity investing by supporting female founders and entrepreneurs from diverse backgrounds, announced today that it has fully surrendered his stake in global legal staffing firm, Kissoon Carr.
Launched in 2016, Kissoon Carr has since grown to become a global legal recruitment firm working with some of the world’s most prestigious law firms.
The exit – which generated a 30x return on the initial investment – comes at the end of a five-year fixed-risk debt deal that would be among the first of its kind in the UK. After the exit from Crasner Ventures, Kissoon Carr will change its name to KC Partners.
The 30x returns will be used to continue Crasner Ventures’ tireless work as a value-added investor, with DE&I central to its investment thesis. Funds will be reinvested in pre-seed fundraising and co-investments in exciting start-ups in the UK, South East Asia and Africa, particularly those that sit in Crasner’s core sectors Ventures in legal technology, recruitment, education and finance.
Nick Crasner, Founder and Chief Investment Officer of Crasner Ventures, said “The investment in Kissoon Carr was a huge success and embodied our business model of injecting capital, support, energy and connections to start-up companies. We plan to use the capital raised from this exit to continue to fund our mission to provide talented people from all walks of life with the platform to succeed.
“The name Kissoon is very dear to my heart. Having dedicated my investment in Kissoon Carr to my late maternal grandfather, I brought his attitude and sophistication to the business. As the company changes its name, I look back on fond memories, having built a company based on family values, trust and integrity – qualities not always seen in the contingent recruitment industry. at a frantic pace.
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About Crasner Ventures
Crasner Ventures is a venture capital platform and seed investment vehicle focused on supporting female founders and entrepreneurs from diverse backgrounds. She specializes primarily in fast-growing technology start-ups in the recruitment, financial services, education and legal sectors. It is an international venture capital platform headquartered in the City of London but operating globally. The experience of its founder, Nick Crasner, who grew up all over the world, inspired the firm’s investment philosophy of focusing on countries with many opportunities but limited access to capital. The fund supports entrepreneurs in the UK, South East Asia and Africa.