Playfair Capital, the UK-based seed firm, announces $32M second fund

Playfair Capital, the U.K. seed investor, has raised a new $32 million fund to continue investing in promising early-stage tech startups. The VC firm, founded in 2013 by Federico Pirzio-Biroli, who is fund II’s sole LP, is an early investor in the likes of Stripe, Ravelin, Thought Machine, CryptoFacilities and Mapillary. Pirzio-Biroli recently re-located to Kenya, but will still act as chairman of Playfair Capital . Day-to-day, the fund will be managed by Chris Smith, who recently joined as a partner. He’s been an active angel investor for more than 10 years, and is taking over management duties from Georgia Taylor Foster, who is said to have resigned after five years with the fund (for health reasons). Smith previously worked …