Beringea
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Beringea is one of the more operationally grounded transatlantic funds - they've been around since 1988 so they've seen multiple cycles and know how to weather downturns. The Monica Vinader exit (13.3x return over 13 years) shows they can pick winners and hold them long enough to create real value, not just flip for quick returns. Karen McCormick is genuinely impressive - ex-BCG with real operational chops and a track record of successful consumer brand investments that founders rave about. The UK team seems more hands-on and founder-friendly than typical growth-stage VCs. However, their $715M AUM across two continents means you're not their only priority, and the Detroit-London split could create coordination issues. They're patient capital in the best sense - they understand building takes time - but that also means they might not push as hard on urgency when you need it most.
- —Best for: Consumer brands and B2B SaaS companies ready for Series A+ with proven traction
- —Known for: Patient capital, operational support, and helping companies scale transatlantically
- —Watch out for: Split attention across large portfolio and potential coordination lag between US/UK teams
We're a venture capital firm working with visionary entrepreneurs to build billion-dollar businesses. We invest across a wide range of sectors, including healthcare, technology, media, consumer goods and business services. We have a long-term perspective and an entrepreneurial ethos, so we understand that building businesses and disrupting industries takes time.
We typically initially invest between $3-10 million in preferred equity, focusing on Midwest-based companies in fast-growing sectors with meaningful revenue at the Series A (or later) expansion or small buy-out stage. It primarily invests in Series A round in United Kingdom based startups. Real portfolio evidence shows strong focus on consumer brands (Monica Vinader), SaaS/enterprise software (Flywheel, EDITED), and B2B services - classic growth-stage companies with proven traction.
Stuart Veale is the Managing Partner at Beringea LLP, where he has played a key role in the business for more than 20 years. He sits on the investment committees of all the firm's UK funds and represents Beringea on the boards of Farmer J, Lumar, Chattermill and Yardlink. Led recent investments like Farmer J and appears to be the UK face of the firm - solid operational experience.
Karen has been a part of the Beringea team for more than 15 years, and she leads the firm's investment strategy and operations in the UK. She has led several of Beringea's most notable investments including Monica Vinader, Watchfinder, Luxury Promise, Fnatic, Blis, and EDITED. Karen was previously with the Boston Consulting Group and ran the Watches division of Swiss Army/Wenger. She also has experience with start-ups as both a founder and advisor. Karen has lived and worked in the US, Europe, and Asia, and has an MBA from INSEAD and a BSBA from Boston University. A heavy hitter with the track record to back it up.
Charlie Rothstein (Founder and Senior Managing Director) and Beringea U.S. co-founder Charlie Rothstein was on hand in his role as Chairman of the Say Detroit Board of Directors - founded the firm and appears heavily involved in Detroit community work. The US anchor of this transatlantic operation, though less visible day-to-day than UK partners.
Luke Edis joined Beringea as an Investment Associate, following experience as an operator, investor, and adviser. His past roles included Head of Business Development at Fundstack (now Attio), and roles with Passion Capital, the seed fund, and Silverpeak, the investment bank, where he advised startups on exits. Luke subsequently led investments into DASH Water and LITTA. He is currently a board director for both companies as well as Second Nature and Arctic Shores. Rising star with solid operator background - founders seem to like working with him based on testimonials.
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