Seedcamp’s New Fund Will Invest in 100 European Startups

Seedcamps New Fund Will Invest in 100 European Startups
Share:

Seedcamp, a European Seed investor has raised £41m to continue their business backing up early-stage technology startups.

“The maturity of founders is just exponentially better and different from when we started in ‘07,” said Seedcamp co-founder and Managing Partner Reshma Sohoni. “[They are] so much more knowledgeable, so much more practiced in the art of starting up.”

Seedcamp’s account is assisted by around 60 corporates, venture capitalists and fund of funds from across the world. Stakeholders include Investec, Unilever Ventures, ADV, Draper Esprit Thomas Cook Money, MassMutual Ventures, Index Ventures, Underscore Ventures, Atomico, Idinvest Partners, Speedinvest, and the UK government-backed British Business Bank.

Reshma Sohoni, Seedcamp co-founder and Managing Partner, said: “Seedcamp continues to grow as Europe’s Seed startups enter an unprecedented era of growth themselves.

“We believe our fund is a perfect size to support the most ambitious of founders both initially and now for a longer part of their journey, helping build a new group of not just $1Bn+ businesses but the $10Bn+ and $100Bn+.”

The company’s fourth fund is reported as the double the size of its past and they continue to raise more money before a final close, and intents to finance for 100 startups in a row.

Seedcamp will finance £100,000 ($132,000) for pre-seed stage startups, and also plans to increase it up to $250,000 ($331,000) as soon as other angel investors are interested, and £400,000 ($530,000) in seed rounds which will be near to £2 million ($2,650,000) when they have already one more chief stakeholder involved.

Seedcamp also mentioned it will reserve a significant portion of its money to invest in Series B rounds, and they also plan to invest in crypto tokens.

“Seedcamp has been on an incredible journey over the past decade, and our ambition, alongside that of European entrepreneurs, has grown exponentially over this time,” Carlos Espinal, Seedcamp managing partner said. “While our investment approach and offering has evolved, the core of what Seedcamp stands for remains the same, with our founders and our global community at the center of everything we do.”

Seedcamp’s newest fund overshadows its earlier acquisition of $30 million back in 2014, as well as a $4 million boost between rounds.


Share:
Aparna Nayak
Aparna Nayak
I have been writing for more than 10 years because of my passion for writing, reading, and sharing it with worldwide audiences. I have published and edited many research papers and white papers in various national and international journals across the internet. I am a writer, technology enthusiast, and social media lover who runs my own blogs and websites.

    Similar Articles

    Additional Resources to Download

    Top