Changes are afoot at BGF Ventures, the London-based early-stage venture fund of BGF, as three partners are departing, TechCrunch has learned.
Rumours that the VC firm’s future was in flux as parent BGF reviewed its current investment strategy began surfacing in late January, but multiple sources now tell me that BGF Ventures partners Harry Briggs, Rory Stirling, and Wendy Tan White are departing, though all three plan to remain in venture in some capacity.
One source says it is believed that the three BGF Ventures partners want to raise an early stage venture firm of their own, though it isn’t thought that this would necessarily be in tandem.
The news has also comes as a surprise to the London VC and startup community, especially given that Tan White only joined BGF Ventures in late June, after leaving Entrepreneur First where she was an investment partner. I also understand the VC has made a number of recent investments, not all of which have been announced yet.
I’ve reached out to BGF Ventures for comment and will update this post should I hear back.
This story is developing…