Home Breaking News London-based Seedcamp launches £78M fund for pre-seed & seed-stage investments

London-based Seedcamp launches £78M fund for pre-seed & seed-stage investments

London-based Seedcamp launches £78M fund for pre-seed & seed-stage investments
London-based Seedcamp launches £78M fund for pre-seed & seed-stage investments

London-based VC Seedcamp has launched another VC fund, Seedcamp Fund V which is, according to the firm, the biggest and most ambitious fund to date. This £78M (about €88M) fund will be utilized for pre-seed and seed-stage investments, as well as reserving capital for follow-on rounds up to Series B.

The new fund comes three years after the close of Fund IV, at £60M. Recently, Seedcamp backed Hopin, the virtual conferences platform which blew up during the pandemic and recently raised US$125M giving it a US$ 2B valuation.

According to the firm, when it participates in an active round led by another investor, it aims to participate in seed rounds that are on an average around £3M (about €3.4M) or less with an investment of up to £500K (nearly €564K). At a stretch, it may invest in a larger round but more like an exception. 

The organisation usually leads a pre-seed round with an investment of around £200K (about €225K), typically in exchange for an ownership stake between 6% – 7%. These pre-seed rounds range in size from £400-750K (€451K-€846K), traditionally. 

What Seedcamp has to say

“Like many, we’ve had more than our fair share of issues when it comes to fundraising: economic recessions, Brexit, global pandemics – you name it, we’ve been through it. That’s why Fund V, more than 50% oversubscribed and raised in the midst of COVID-19, feels all the more special. It’s the first time we feel we genuinely haven’t had to fight tooth and nail to explain to investors why, by now, we know what we’re doing,” according to a statement given by Seedcamp.

About Seedcamp

Seedcamp
Seedcamp

Founded in 2007, it is a European seed fund that recognises and invests early in world-class founders attacking large global markets. It was co-founded by Reshma Sohoni and Saul Klein, with headquarters in London, UK. The company has invested in more than 260 startups including the ones like fintech unicorn TransferWise along with some of Europe’s fastest-growing companies like Revolut, UiPath, and wefox. Seedcamp companies have raised over US$ 1B in further investment from leading investors.

Read the Next Story Here

We try our best to fact check and bring the best, well-researched and non-plagiarized content to you. Please let us know

-if there are any discrepancies in any of our published stories,
-how we can improve,
-what stories you would like us to cover and what information you are looking for, in the comments section below or through our contact form! We look forward to your feedback and thank you for stopping by!

1 COMMENT

LEAVE A REPLY

Please enter your comment!
Please enter your name here