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A globally minded micro-VC that turns a six-figure-check strategy and founder relationships into a repeatable investment business.
12 deals in roughly 1 year 10 months · $10M target AUM
The product is not a pitch deck; it is the trust network that lets a small fund do roughly one deal a month across markets.
Fewer bars = easier, cheaper, or faster for an AI-assisted solo builder. Editorial judgments based on the case details.
Ken Thomas moved from retail banking and a mortgage fintech in New York to London, where a founder invited him to start a venture fund. Back Future Ventures has been operating for about 1 year and 10 months at the time of the interview. It is a micro-VC focused on B2B SaaS and investing globally. The fund's target assets under management are $10 million; its first close was $3 million in June, and it had completed 12 deals by the end of 2024 after making its first investment in September. That works out to roughly one deal a month, spanning Brazil, the United States, the United Kingdom and Ireland. The team writes six-figure checks and positions itself as an ecosystem player: meeting founders, connecting people and staying involved through a liquidity event. The operating insight is that a small fund is a relationship business with a long time horizon, not a software product with a short sales cycle.
For a micro-VC, the first customers are limited partners and founders who want a useful, responsive investor. Back Future Ventures can start with the partners' existing credibility: Ken brought New York, London, fintech and cross-border experience, while the founding relationship created the first route into the fund.
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Data credibility: Ken Thomas reports that Back Future Ventures reached a $3 million first close, had a $10 million target for assets under management and completed 12 deals by the end of 2024. These are participant-reported fundraising and deployment figures; the transcript provides no audited fund statements, fee terms, realised exits or third-party verification.
The first dollar in this model arrives from committed fund capital rather than a SaaS subscription. The partners formed the fund, set a $10 million target for assets under management, and reached a $3 million first close in June.
The flywheel is founder-to-founder trust. Back Future Ventures invests globally, and Ken describes the fund's role as meeting people, helping them and making connections, not merely wiring money.
A venture fund has a long feedback loop, so the dangerous period is the gap between raising capital and knowing whether the portfolio will produce a liquidity event. The partners can stay sane by separating controllable signals from outcomes they cannot accelerate.
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