# Cocoa

> Cocoa is a VC fund in London backing Software, Financial Services and Information Technology. See 25 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Location: London, United Kingdom
- Total investments: 25
- Last investment: May 2026
- Lead investor: 8%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/cocoadotvc/?trk=public_profile_topcard-current-company&originalSubdomain=uk
- X (Twitter): https://mobile.twitter.com/cocoadotvc
- Website: https://bit.ly/wearecocoa

Cocoa is a VC fund in London focused on Software and Financial Services. We are an angel fund backed by tech founders, Cocoa invests angel checks into European pre-seed/seed companies and becomes the in-house VC for founders.

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $3.5M–$10M |
| Pre-Seed | $1.2M–$6.7M |
| Series A | $5.5M–$19M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Software | 4 | 16% |
| Financial Services | 3 | 12% |
| Information Technology | 3 | 12% |
| Artificial Intelligence | 3 | 12% |
| FinTech | 2 | 8% |

30 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 9 | 36% |
| Pre-Seed | 8 | 32% |
| Series A | 3 | 12% |
| Series B | 1 | 4% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| United Kingdom | 8 | 32% |
| France | 2 | 8% |
| Sweden | 2 | 8% |
| Finland | 1 | 4% |
| Germany | 1 | 4% |

7 countries tracked in total.

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Fractile | Fractile is building chips to run large language models two orders of magnitude faster. Existing hardware is good for training LLMs, but very poorly suited to subsequent inference of the trained model, which is increasingly the dominant workload. A network’s weights need to be moved onto a chip once per word generated, and this movement takes a fewhundred times longer than the subsequent computations themselves. Fractile’s revolutionary approach to fusing computation with memory eliminates this bottleneck, and can scale to allow running the world’s largest models at a global scale. | $220M | Series B | May 13, 2026 |  |
| Calibre | Calibre uses causal AI in conjunction with clinical expertise to help people understand what is truly influencing their health and how to modify it. | $3.3M | Pre-Seed | Apr 22, 2026 |  |
| Crewline AI | Crewline AI appears to be a startup focused on retrofitting heavy construction equipment for supervised autonomy. Its website says it upgrades existing machines like drum rollers, dozers, rock trucks, and excavators to make them self-driving. | $7.1M | Seed | Dec 14, 2025 |  |
| Condukt | Condukt is a KYB provider that assists clients with business-related challenges to ensure various AML and anti-money laundering measures. | $10M | Seed | Nov 18, 2025 |  |
| Cyclana Bio | Cyclana Bio is to enhancing women's quality of life by offering a fresh approach to therapeutic research. They operate at the human tissue level in the data we collect and the models we build, revolutionising therapeutic discovery. | $6.7M | Pre-Seed | Oct 20, 2025 |  |
| Embedd | Software integration and testing of semiconductor chips | $1.2M | Pre-Seed | Nov 01, 2024 |  |
| Embedd | Software integration and testing of semiconductor chips | $1.2M | Seed | Nov 01, 2024 |  |
| Fractile | Fractile is building chips to run large language models two orders of magnitude faster. Existing hardware is good for training LLMs, but very poorly suited to subsequent inference of the trained model, which is increasingly the dominant workload. A network’s weights need to be moved onto a chip once per word generated, and this movement takes a fewhundred times longer than the subsequent computations themselves. Fractile’s revolutionary approach to fusing computation with memory eliminates this bottleneck, and can scale to allow running the world’s largest models at a global scale. | $14.8M | Seed | Jun 18, 2024 |  |
| Mimo | Managing money coming in, money going out and the resulting cash flow is complex. The process is fragmented across banks, accounting platforms, accountants, FX tools, lenders, and more. At best, this complexity is an annoyance. At worst, it kills your company. Mimo offers a beautiful, easy-to-use tool to manage, understand and control paymentsand cash flow – saving you time and money. | $19.5M | Series A | Apr 11, 2024 |  |
| Condukt | Condukt is a KYB provider that assists clients with business-related challenges to ensure various AML and anti-money laundering measures. | $3.3M | Pre-Seed | Apr 03, 2024 |  |

10 of 25 investments shown.

## Co-investors
- [Seedcamp](https://shizune.co/investors/profile/seedcamp) — VC Fund, 6 deals together
- [Visionaries Club](https://shizune.co/investors/profile/visionaries-club) — VC Fund, 5 deals together
- [Connect Ventures](https://shizune.co/investors/profile/connect-ventures) — VC Fund, 4 deals together
- [Saarbruecker 21](https://shizune.co/investors/profile/saarbruecker-21) — VC Fund, 4 deals together
- [Cocoa](https://shizune.co/investors/profile/cocoa-ee93) — VC Fund, 3 deals together
- [NATO Innovation Fund](https://shizune.co/investors/profile/nato-innovation-fund) — VC Fund, 3 deals together

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### Similar stage
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## FAQ

### What does Cocoa invest in?

Cocoa invests primarily in Software, Financial Services and Information Technology startups, most often at Seed and Pre-Seed stage. Most of the 25 investments tracked by Shizune back companies in United Kingdom. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Cocoa's check size?

Cocoa typically joins rounds of $3.5M–$10M at Seed, $1.2M–$6.7M at Pre-Seed and $5.5M–$19M at Series A. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Cocoa participates in.

### When did Cocoa last invest?

The most recent investment recorded for Cocoa closed in May 2026. Shizune tracks 25 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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