# Planet First Partners: portfolio, investments and team

> Planet First Partners is a growth equity based in Luxembourg. 6 investments on record, 4 in the last 12 months, latest Jun 2026.

Source: https://millionrounds.com/fund/planet-first-partners (Millionrounds; every figure on the page links to its filing or article)

Luxembourg · [Investor](https://millionrounds.com/investors)

# Planet First Partners

Last cheque observed Jun 2026; 6 cheques on record.

Email

Deploying now Growth equity

Growth Energy Industrial Sustainable Consumer

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Deploying now

**80%** of best year **4** **cheques in 12 months**, 6 on record

Since the last cheque **152** days **00** hrs **00** min **00** sec

Median round **$165M** Rounds led **2 of 6** Mostly in **Canada, 33%**

Pitch Planet First Partners

## Planet First Partners highlights

- 01 4 cheques in the last 12 months
- 02 Mostly Series D and Growth: 60% of its rounds
- 03 Led 2 rounds

## What they do

> Planet First Partners is a growth equity platform that invests in and partners with disruptive entrepreneurs to scale tech-enabled businesses. From their own website

- **Type:** Growth equity
- **Cheque size:** Not stated
- **Stages:** Growth
- **Sectors:** Energy Industrial Sustainable Consumer
- **Based in:** Niederanven, Luxembourg
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **6 appearances**

- **2026** 4 rounds
- **Jun** **[FINN](https://millionrounds.com/company/finn)** Series D · DE · Firms' own news pages **$113M** With 11 others
- **May** **[Photonic Inc.](https://millionrounds.com/company/photonic-inc)** CA · Firms' own news pages **$200M** *Led*
- **Jan** **[Photonic](https://millionrounds.com/company/photonic)** Growth · CA · Firms' own news pages **$131M** *Led*
- **Jan** **[Oviva](https://millionrounds.com/company/oviva)** Series D · CH · Firms' own news pages **$234M** With 9 others
- **2025** 1 round
- **Aug** **[Commonwealth Fusion Systems](https://millionrounds.com/company/commonwealth-fusion-systems)** Series B · US · Crunchbase News **$863M** With 27 others
- **2024** 1 round
- **Oct** **[Submer](https://millionrounds.com/company/submer)** Series C · ES · TechCrunch **$56M** With 3 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

We hold **27** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

Funds they back

## 3 fund commitments on record

- **Managers:** 2

Every fund on record that it has committed money to, and the managers who invest it. Source: fund news.

Managers it backs most

- [Osney Capital 2 funds](https://millionrounds.com/fund/osney-capital)
- [Quantonation 1 fund](https://millionrounds.com/fund/quantonation)

Most recent commitments

- [Osney Capital Fund I](https://millionrounds.com/fund/osney-capital)
- [Osney Capital debut fund](https://millionrounds.com/fund/osney-capital)
- [Quantonation Ventures second fund](https://millionrounds.com/fund/quantonation)

## What they claim to have backed

From their own portfolio page (on their website)

**9** of 15 we have independently watched raise

[Finn](https://millionrounds.com/company/finn)[Nanogence](https://millionrounds.com/company/nanogence)[Obvious](https://millionrounds.com/company/obvious)[Oviva](https://millionrounds.com/company/oviva)[Photonic](https://millionrounds.com/company/photonic)[Riverlane](https://millionrounds.com/company/riverlane)[Submer](https://millionrounds.com/company/submer)[Sunfire](https://millionrounds.com/company/sunfire)[Xanadu](https://millionrounds.com/company/xanadu) Cfs Ekavc Iterative Osneycapital Quantonation This

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

## The cheque

Growth

Median round joined **$165M** the round, not its cheque

Led 2 of 6 rounds **33%**

- **Sole investor:** Never alone
- **Last cheque:** Jun 2026

Rounds by stage said on their site

- Series D *2*
- Growth said *1*
- Series B *1*
- Series C *1*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Microsoft](https://millionrounds.com/fund/microsoft) 2
- [Norrsken VC](https://millionrounds.com/fund/norrsken-vc) 2
- [Royal Bank of Canada](https://millionrounds.com/fund/royal-bank-of-canada) 2
- [TELUS Ventures](https://millionrounds.com/fund/telus-pollinator-fund-for-good) 2
- [Temasek Holdings](https://millionrounds.com/fund/temasek) 2

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## Who they invest alongside

The investors most often in the same rounds as Planet First Partners. A count of rooms they were both in, not a relationship either has claimed.

[**Microsoft** Corporate VC **2** rounds together](https://millionrounds.com/fund/microsoft)[**Norrsken VC** Accelerator **2** rounds together](https://millionrounds.com/fund/norrsken-vc)[**Royal Bank of Canada** Growth equity **2** rounds together](https://millionrounds.com/fund/royal-bank-of-canada)[**TELUS Ventures** Corporate VC **2** rounds together](https://millionrounds.com/fund/telus-pollinator-fund-for-good)[**Temasek Holdings** VC firm **2** rounds together](https://millionrounds.com/fund/temasek)

## Recently backed

The latest companies Planet First Partners put money into.

[**Photonic** $131M · Jan 2026](https://millionrounds.com/company/photonic)[**Submer** $56M · Oct 2024](https://millionrounds.com/company/submer)

## Quick answers about Planet First Partners

### What does Planet First Partners invest in?

Planet First Partners invests most often at Series D and Growth (60% of the rounds on record), in sectors such as Energy, Industrial and Sustainable Consumer.

### How active is Planet First Partners?

6 investments on record, 4 of them in the last 12 months, and it led 2. The most recent was in Jun 2026.

### What has Planet First Partners invested in recently?

Its most recent investments on record: FINN (Series D, Jun 2026), Photonic Inc. (Undisclosed round, May 2026) and Photonic (Growth, Jan 2026).

### How big are Planet First Partners's cheques?

The median round it joins is $165M.

### Does Planet First Partners lead rounds?

Yes: it led 2 of its 6 investments on record (33%).

### Where does Planet First Partners invest?

Most of the companies it backs are in Canada (33%), Germany (17%) and Switzerland (17%).

### Is Planet First Partners investing now?

Yes: it is actively investing, with 4 investments in the last 12 months.

### Who does Planet First Partners invest alongside?

Most often Microsoft (2 rounds together), Norrsken VC (2 rounds together) and Royal Bank of Canada (2 rounds together).

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