European Investor Seedcamp Closes On $320M Across Two Funds To Back Seed Startups And Reaches $1B AUM
Seedcamp, one of Europe's earliest seed investors, has closed on its 7th fund of $220 million and a select fund 2 of $100 million to invest in winners from the core fund. Gené Teare Seedcamp , one of Europe's earliest seed investors, has closed on its 7th fund of $220 million and a select fund 2 of $100 million to invest in winners from the core fund. Since its launch almost two decades ago in 2007, the firm - which had an initial fund of just $3 million - has invested in around 550 companies.
Key Takeaways
- With this latest fund, its assets under management have reached $1 billion.
Seedcamp invested early in Revolut , Wise , UiPath , Synthesia and Fluidstack .
- "We realized early on that the best thing a founder can get is access to another founder who just went through that experience - not necessarily a founder who is successful 10 years down the road and is a great figurehead, but someone just a little bit ahead.
- "We're trying to monitor so we're not one of eight bets in one area that's been overinvested within the AI vertical space, and making sure that you're not betting on number 100 in a space that's hypercompetitive," Espinal said.
Seedcamp plans to invest in 35 new companies per year, totaling 100 to 120 for the new fund.
- "Building is so much easier and faster now," Howe said.
- Related Crunchbase queries: Seedcamp Investments Seedcamp Portfolio Companies Illustration: Dom Guzman Stay up to date with recent funding rounds, acquisitions, and more with the Crunchbase Daily.
Stats & Key Facts
- #Seedcamp, one of Europe's earliest seed investors, has closed on its 7th fund of $220 million and a select fund 2 of $100 million to invest in winners from the core fund.
- #Seedcamp, one of Europe's earliest seed investors, has closed on its 7th fund of $220 million and a select fund 2 of $100 million to invest in winners from the core fund.
- #Gené Teare Seedcamp , one of Europe's earliest seed investors, has closed on its 7th fund of $220 million and a select fund 2 of $100 million to invest in winners from the core fund.
- #Since its launch almost two decades ago in 2007, the firm - which had an initial fund of just $3 million - has invested in around 550 companies.
With this latest fund, its assets under management have reached $1 billion. Crunchbase News spoke with Carlos Espinal , the firm's managing partner who joined Seedcamp in 2010 and Hilary Howe , who rejoined the firm in 2022 to head up the select fund and establish a New York presence. Seedcamp invested early in Revolut , Wise , UiPath , Synthesia and Fluidstack .
Since fund 2, it has invested in 100 companies per fund. "What we've learned is that you need a community to support each other," said Espinal. The tipping point for the firm was 70 companies where it became clear that founders were helping one another, becoming customers, and teams starting new companies.
But in this era, the firm is focused on industries that reflect a structural change, such as national security, defense and health. Robotics is also a key sector that is emerging due to AI technology and, with a declining population around the world, will increase productivity and GDP, he said. Seedcamp also invests in software and vertical AI, but is careful about what is compelling and unique.
For more details please read the original article at Crunchbase News.
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