Phoenix Court ranked #1 investor in EMEA in new Dealroom ranking

Dealroom has today published its annual Power Law Investor Ranking, recognising Phoenix Court as the number one venture investor in Europe, the Middle East and Africa (EMEA) for backing high-growth companies at Seed.

The ranking evaluates investors based on their track record of supporting companies that go on to become:

• Unicorns valued at $1 billion or more
• Thoroughbreds generating $100 million or more in annual revenue
• Colts generating $25 million or more in annual revenue
  
  

Phoenix Court, home of LocalGlobe, Latitude, Solar and Basecamp funds, is ranked first in EMEA and among the top 0.01% of funds globally. Index Ventures and Point Nine secured second and third place respectively.

The ranking is published alongside Dealroom’s Thoroughbred 100 list, which highlights Europe’s fastest-growing companies generating over $100 million in revenue. Together these lists reflect a shift in focus from speculative valuations to fundamentals such as revenues, growth, and resilience. please change to Together these lists reflect a shift in investor focus from speculative valuations to fundamentals such as revenues and growth.

According to Dealroom, the Thoroughbred 100 companies generated a combined $168 billion in revenue last year and employ over 360,000 people across the region. Fintech was the most represented sector, followed by enterprise software and health and biotech.

Yoram Wijngaarde, founder and CEO of Dealroom, said:
“Venture has long been measured by promise, but performance comes from proof. That’s why our 2025 ranking includes a focus on Thoroughbreds: companies generating $100m+ in annual revenue, rooted in strong customer demand and lasting value. These aren’t speculative bets; they’re regional assets. By prioritising tangible impact and sustainable growth, we offer unprecedented clarity for founders, LPs and policymakers on where resilience lies and the investors that are truly bending the curve.”

Saul Klein, co-founder and executive chair of Phoenix Court, said:
“For over a decade, venture capital has been gripped by unicorns. But the real test of a company is not valuation, but fundamentals. The definition of success has changed. Europe has the raw ingredients to create the companies that matter, and it’s encouraging to see 38 new Thoroughbreds created in the past two years. The challenge is not building them, but scaling them. What’s needed now in Europe is long-term conviction at growth – so that the value created here stays here and compounds for the next generation.”

Phoenix Court celebrates its 10th anniversary this year and continues to back founders from the earliest stages through to later growth, with the aim of ensuring that value created in Europe compounds for future generations. With its mission to be a good long-term neighbour and help people realise their full potential, Phoenix Court allocates 10% of profits of the management company and 2% of carry in all funds to its charitable foundation, Phoenix Court Works.