A pair of London VCs are on a mission to get pension funds to put their billions into European tech startups | Business Insider India

Isomer Capital

Isomer Capital cofounders Joe Schorge and Chris Wade.

Isomer Capital

Isomer Capital

Isomer Capital cofounders Joe Schorge and Chris Wade.

A pair of London investors are on a mission to get more venture capital money flowing into European startups.

Joe Schorge and Chris Wade, the duo behind newly launched Isomer Capital, want the pension funds that have typically backed trusted Silicon Valley investment companies like Sequoia and Andreessen Horowitz to start putting their billions into European venture capital firms.

"There are lots of cool startups in Europe but these startups need capital," Wade told Business Insider this week.

"We're building this European startup ecosystem in Europe with about 1/5 of the capital that's available in the US. The big pension funds do not invest in European VC funds."

Wade declined to comment on the exact pension funds he was referring to, hinting that he was in talks with a number of them about investing in Isomer Capital.

There was over $36 trillion (£25 trillion) held in pension funds worldwide in 2014, according to the "Global Pensions Assets Study" carried out by researchers at professional services firm Towers Watson.

via www.businessinsider.in