Revolut and Synthesia early backer Seedcamp raises $320M, invests in US

The $320m raised will be deployed across two Seedcamp funds- Seedcamp VII and its Select fund. VC Fund Revolut and Synthesia early backer Seedcamp raises $320M, invests in US The $320m raised will be deployed across two Seedcamp funds- Seedcamp VII and its Select fund. John Reynolds 1 hour ago Share Share Send email Copy link An early backer of Revolut and Synthesia has raised $320m and is deploying the capital across two funds, as it looks to discover the top European companies of the future.

London-headquartered Seedcamp , one of Europe's most well-known VCs, is also upping its presence in the US, as it looks to give the European companies it backs the best chance of success, it says. Seedcamp is allocating $220m for Seedcamp VII, its seventh first-check fund. Another $100m is being deployed across its Select fund, which is its second growth fund, which focuses primarily on backing startups as they scale toward Series B and beyond.

Since launching in 2007 with a $2. 5m first fund, Seedcamp now manages over $1bn in AUM (Assets Under Management) and says it has delivered some of the strongest venture fund returns in Europe. For example, it says Seedcamp Fund III has now returned over 13x DPI (Distributed to Paid-In Capital) to its Limited Partners.