Seedcamp raises €279 million to back Europe’s next generation of global startups

Seedcamp, a British first check investor and backer of companies including Revolut, Wise, UiPath, Synthesia and Fluidstack, has raised €279 million ($320 million) to launch Fund VII and invest in the next generation of global companies. The new capital is allocated between €192 million ($220 million) for Seedcamp VII, the first check fund, and €87 million ($100 million) for the Select fund, which focuses primarily on backing portfolio winners as they scale toward Series B and beyond. Carlos Espinal, Managing Partner at Seedcamp, they want the sharpest opinion around the table when the stakes are highest. By bridging our day one investment with a high-velocity US platform, we ensure our founders are in the room where it matters from the very start.” Seedcamp typically invests as the first institutional investor and leads most of its initial checks, with more than 80 founders originally backed by Seedcamp reinvesting in the fund. Tom Wilson, Partner at Seedcamp, says: “We’re at the end of a 20 year software cycle and the beginning of a new technological paradigm where AI increasingly intersects with science and the physical world. What’s exciting is that many of the founders building in that next frontier are emerging from Europe with global ambition from day one. Seedcamp has spent nearly two decades backing founders before the company or category is obvious, and Fund VII is about continuing to support that next generation from the very beginning.” The post Seedcamp raises €279 million to back Europe’s next generation of global startups appeared first on EU-Startups.