Hoxton Ventures was selected as one of five firms partnering with NVIDIA on a £2 billion UK AI investment initiative alongside Accel, Air Street Capital, Balderton, and Phoenix Court.
Hoxton expanded its team and US presence: Isabel Fox joined as Head of Investor Relations, Rishabh Kaul joined as Venture Partner, and Partner Payton Dobbs relocated to San Francisco.
Portfolio company CuspAI, an AI-for-chemistry startup backed by Hoxton since its seed round, raised a $100M Series A led by NEA and Temasek at a $520M valuation.