Technology2024
Why applied AI rewards taste as much as compute
The next generation of durable AI companies will be defined less by model access and more by judgment, distribution and creative direction.
ReadPrivate Capital · Founder-Led Investing
Private Capital.Built to Scale.
Baccarat & Partners invests in ambitious companies and exceptional founders across technology, financial services, consumer businesses and digital infrastructure.
Technology · Financial Services · Consumer · Digital InfrastructureLondon · Dubai · Prague · Bucharest · Hong Kong · Singapore
Selected Portfolio
Selected Portfolio & Strategic Relationships
A selection of investments, advisory mandates and strategic relationships.
20Selected Relationships
Investment Holding
SpaceXInvestment HoldingHeld
Investment Holding
TeslaInvestment HoldingHeld
Strategic Advisory
OnlyFansStrategic AdvisoryActive mandate
Strategic Advisory
UberStrategic AdvisoryActive mandate
Investment Holding
PalantirInvestment HoldingHeld
godutch
Strategic Partnership
Go DutchStrategic PartnershipOngoing
Strategic Partnership
CitiStrategic PartnershipOngoing
Rothschild & Co
Strategic Partnership
Rothschild & CoStrategic PartnershipOngoing
Board Advisory
HackerOneBoard AdvisoryActive seat
Realized Exit
Lost Boys AgencyRealized ExitRealized
Active Investment
JoinBaddiesActive InvestmentActive position
Strategic Partnership
SKKY PartnersStrategic PartnershipOngoing
Strategic Advisory
theCluelessStrategic AdvisoryActive mandate
Board Advisory
Best BuyBoard AdvisoryActive seat
Investment Holding
GrouponInvestment HoldingHeld
Investment Holding
QuilvestInvestment HoldingHeld
Active Investment
Baccarat Hotel & ResidencesActive InvestmentActive position
Active Investment
LetsBuyItActive InvestmentActive position
Active Investment
CryptosphereActive InvestmentActive position
Strategic Advisory
ALOStrategic AdvisoryActive mandate
Investment Philosophy
We invest whereour experience canchange the outcome.
01
Capital
We invest with a long-term perspective and focus on durable value creation rather than momentum.
02
Operating Experience
We have built, scaled and exited companies ourselves — and we invest with that scar tissue.
03
Network
We help portfolio companies access talent, capital, distribution and strategic relationships.
Track Record
00Forbes-featured exits
00Portfolio investments
$0M+Aggregate outcomes
00Global markets
Operator DNA
Built by operators,not observers.
Our investment approach is shaped by firsthand experience building companies, navigating hypergrowth, executing transactions and managing exits. We have sat in the founder’s seat — and we invest accordingly.
Built
Companies started and scaled from the ground up.
Exited
Transactions executed and outcomes realised.
Investment Focus
Wherewe invest.
Four convictions, each with a distinct thesis — not a generic list of sectors.
We back software and applied-AI companies where technical depth and distribution compound into a durable advantage — not features in search of a market.
We invest in the rails, products and platforms modernising finance, favouring teams that treat regulation and trust as a moat rather than an obstacle.
We support consumer and marketplace businesses that earn genuine loyalty and liquidity — brands and networks that get stronger with every user.
We fund the connective infrastructure of the digital economy, where reliability and scale create defensibility that compounds quietly over years.
Portfolio Voices
Drag to explore →An active partner, not just a source of capital.
“The value showed up long before the wire did. They helped us think clearly about the decisions that actually mattered.”
“Having investors who had actually built and sold companies changed the texture of every board meeting.”
“They opened doors — to talent, to customers, to capital — that we could not have opened alone.”
“Patient when it counted, decisive when it mattered. That balance is rarer than it should be.”
Team
Built by people whohave built companies.
Perspectives
Notes on buildingand backing companies.
Markets2024
The quiet return of long-term capital
As fund cycles compress across the industry, patient ownership is becoming a genuine source of competitive advantage for founders.
ReadM&A2023
Building companies with the exit in mind
A well-timed exit is designed years in advance. What operators-turned-investors look for from the very first board meeting.
ReadGlobal Presence
One firm, one standard ofpartnership — across markets.
Building somethingexceptional?
Talk to Baccarat & Partners. We back ambitious founders long before the story is obvious.