Robin Klein (venture capitalist) explained

Robin Klein
Occupation:Partner at Index VenturesFounding Partner at The Accelerator Group (TAG)
Alma Mater:University of the Witwatersrand
Birth Place:Johannesburg, South Africa
Spouse:Hanna Klein
Children:Saul Klein and Dr. Melanie Morris
Relatives:Jonathan Klein (brother), co-founder and CEO of Getty Images;[1] Martin Klein

Robin Klein (born December 1947[2]) is a British entrepreneur and investor. He was until 2015 a venture partner at Index Ventures and co-founder of The Accelerator Group, an advisor and investor in early-stage companies.[3] In April 2015, he and his son, Saul founded LocalGlobe, a seed stage venture capital firm.

Early life and education

Klein was born in Johannesburg, South Africa. He received a bachelor's degree in electrical engineering, specialising in cybernetics,[4] and a Master of Science degree from the University of the Witwatersrand, in Johannesburg, in 1969. He moved to the United Kingdom in 1976.[5]

Career

From 1991–1997, Klein was chairman and CEO of Innovations Group PLC, which conducted the first documented e-commerce transaction in the UK, in May 1995.[6] Klein was managing director, marketing and home shopping, at Arcadia, from 1996–99.Klein started his investing career in earnest in 1998, co-founding The Accelerator Group (TAG), a vehicle for investing in early-stage internet services, e-commerce and digital media businesses, with his son, Saul Klein.[7]

From 2010 to 2015 Klein was a venture partner at Index Ventures. He ran Index Seed, Index Ventures' seed fund, in partnership with TAG.[8]

In April 2015, Saul and Robin founded LocalGlobe, a Venture Capital Firm focusing on early stage (Seed) investment in Technology enabled businesses. They raised LocalGlobe 7, a fund of £45m by October 2015 and LocalGlobe 8, a £70m fund in March 2017.

Klein has been an early-stage investor in a number of companies, including Agent Provocateur (acquired by private equity firm 3i for £60m),[9] Lastminute.com (acquired by Travelocity for £577m,[10] Last.fm (acquired by CBS for $280 million,[11] Dopplr (acquired by Nokia),[12] LoveFilm (acquired by Amazon for $317 million),[13] Sit Up TV (acquired by Virgin Media), SlideShare (acquired by Linkedin for $119 million),[14] Fizzback (acquired by Nice Systems for $80 million),[15] Mashery (acquired by Intel for $180 million),[16] TweetDeck (acquired by Twitter for $40 million – $50 million),[17] and Twitterfeed (acquired by Bitly).[18] Klein is involved with OpenCoffee Club, a group his son Saul Klein started in 2007 to facilitate gatherings and networking among entrepreneurs, developers and investors[19] and is an advisor to Seedcamp which he helped to launch in 2007.[20] Klein is currently chairman of the board at moo.com, an online printing company; MyBuilder, an online marketplace bringing together consumers, builders and tradesmen;[21] and Wonga, a digital finance company, named the number one company in the Sunday Times Tech Track 100.[22] Klein is also a board member of EDITD, Farfetch, FreeAgent, Onefinestay, Skimlinks, and Zoopla,[23] an investor and board observer at TransferWise, and a non-executive director at Moneysupermarket.com,[22] and an investor in other companies.

From 2007–2010 Klein spent a day a week as venture partner at Atlas Venture, an early-stage technology and life sciences venture capital firm.

Philanthropy and non-profit involvement

Klein was chairman of Great Ormond Street Hospital Promotions Ltd, the funding company for Great Ormond Street Hospital, a children's hospital in London,[24] and was formerly on the Board of Trustees of the Jewish Community Centre for London which developed the JW3 community centre.[25]

External links

Notes and References

  1. News: Getty Images bought by private equity firm Carlyle Group for £2.1bn. The Jewish Chronicle Online. 15 August 2012.
  2. Web site: Robin Matthew KLEIN - Personal Appointments (free information from Companies House). beta.companieshouse.gov.uk. en. 2017-06-11.
  3. News: Index Ventures creates seed fund with Kleins at the helm. TechCrunch. 25 April 2010.
  4. Web site: BusinessWeek Executive profile: Robin Klein. https://archive.today/20130807144037/http://investing.businessweek.com/research/stocks/private/person.asp?personId=157657&privcapId=6476976. dead. 7 August 2013.
  5. Web site: Robin Klein's blog.
  6. News: The investors' view: Robin Klein. Growing Business. 15 January 2010. dead. https://web.archive.org/web/20120509204616/http://www.growingbusiness.co.uk/the-investors-view-robin-klein.html. 9 May 2012. dmy-all.
  7. News: Robin Klein allies with Index Ventures in next Venture Partner role. BusinessInsider. 26 April 2010.
  8. News: Index Seed: Giving Europe's Early-Stage Investments a Much Needed Boost. readwrite. 26 April 2010.
  9. News: Private equity firm 3i pays £60m for Agent Provocateur?. The Guardian. 15 November 2007.
  10. News: Travelocity buys Lastminute.com for £577m. The Register. 12 May 2010.
  11. News: CBS Acquires Europe's Last.fm for $280 million. TechCrunch. 30 May 2007.
  12. News: Nokia to Acquire UK Startup Dopplr. TechCrunch. 23 September 2009.
  13. News: Amazon Acquires LoveFilm, The Netflix of Europe. 12 May 2010.
  14. News: LinkedIn Acquires Professional Content Sharing Platform SlideShare For $119M. TechCrunch. 3 May 2012.
  15. News: NICE Systems Acquires Fizzback For Approximately $80 Million. TechCrunch. 19 September 2011.
  16. News: Source: Mashery Is Selling To Intel For More Than $180M. TechCrunch. 17 April 2013.
  17. News: Twitter To Buy TweetDeck For $40 Million – $50 Million. 2 May 2011.
  18. News: Burp! Bitly Swallows Twitterfeed. All Things D. 9 April 2011.
  19. News: The OpenCoffee Club Movement. readwrite. 23 May 2007.
  20. Web site: seedcamp: Seedcamp Week 2011. dead. https://web.archive.org/web/20130606200928/http://www.seedcamp.com/2011/09/seedcamp-week-2011-new-teams-and-winners-plus-a-bonus.html. 6 June 2013. dmy-all.
  21. News: Board Moves. https://web.archive.org/web/20140911002126/http://www.thesundaytimes.co.uk/sto/public/Appointments/article1277121.ece . dead . 11 September 2014 . The Sunday Times. 23 June 2013.
  22. News: 2011 Tech Track 100. Fast Track, in association with The Sunday Times. January 2010. dead. https://web.archive.org/web/20120507045607/http://www.fasttrack.co.uk/fasttrack/leagues/dbDetails.asp?siteID=3&compID=3164&yr=2011. 7 May 2012. dmy-all.
  23. Web site: Index Ventures partner bio.
  24. Web site: UK Business Angels Association, Speakers. dead. https://web.archive.org/web/20140814013848/http://www.ukbusinessangelsassociation.org.uk/events/bbaa-national-investment-summit-2012/speakers. 14 August 2014. dmy-all.
  25. News: JCC picks three heads. The Jewish Chronicle Online. 11 November 2010.