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Active Partners

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Investment thesis

Active Partners is a consumer-focused investment firm that has been investing exclusively in the consumer sector since 2004. The firm backs visionary founders building mission-driven, community-led brands that redefine entire categories and inspire and delight consumers. As stated on their website: "We invest in the iconic brands of tomorrow, backing outstanding businesses with exceptional levels of customer engagement that are poised for rapid growth. We seek to back category-defining brands, and challenger brands in large markets ripe for disruption." The firm operates two investment strategies: a Growth Fund deploying average cheque sizes of £5–15m into consumer businesses poised for rapid growth (pre-breakeven but fast-growing with strong product-market fit), and an Early-stage Fund investing £200k–£1m into mission-driven brands, consumer technologies, and the platforms powering their success. Active Partners brings deep operational experience, an extensive consumer network, and a founder-friendly ethos, supporting portfolio companies through all stages of growth and international expansion.

Notable quotes

Nick Evans, managing partner at Active Partners, chairman of Rapha and former executive chairman of Evans Cycles, joins the Classified board.

Nick Evans · Forbes / Active Partners press release on Classified Cycling funding round · 2022-12-01

The sale generated a return of more than 13x for the founding LPs, representing an IRR in excess of 75% for its most recent fund investment.

Nick Evans · Unquote – Active sells Rapha to RZC Investments · 2017-08-08

Best way to contact: get in touch with Billy Fox at billy.fox@active.partners.

Billy Fox · Medium – UK Active Consumer VCs 2025 edition · 2025-01-01

Recent investments

CompanyRoundSizeDate
RaphaGrowth2008-01-01
Soho HouseGrowth
LEON RestaurantsGrowth
FinisterreGrowth
TALASeed$6m2021-01-01
VinteriorSeries A$11m2021-01-01
Classified CyclingSeries A$23m2022-12-01
KatKinSeries A2023-11-30
HealfSeed2024-01-01
MyEdSpaceSeries A$15m2025-09-29

Frequent co-investors

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