Seedcamp closes $180M Fund VI to invest early in the next generation of exceptional European entrepreneurs
Seedcamp Fund VI is almost double the size of Seedcamp V and is backed by some of the world’s leading institutions, angel investors, and Seedcamp founders
Seedcamp Fund VI ($180M) is almost double the size of Seedcamp V (November 2020 - $95M), making it the firm’s most ambitious fund to date.
Seedcamp VI is supported by over 200 institutions, angels, and founders, including many of the firm’s own community.
Seedcamp VI will invest at the earliest stage in the next 100 most ambitious European companies, from Angel to Seed rounds.
In Fund VI Seedcamp can lead investment and write first cheques of up to $1M in super early-stage companies building foundational technologies spanning all sectors including the likes of Artificial Intelligence, cybersecurity, open source software, healthtech, and fintech.
Seedcamp, Europe’s leading early-stage fund, today announced the $180M close of its heavily oversubscribed Fund VI to continue in its 15+ year track record of backing Europe’s most exceptional founders. Seedcamp VI is backed by some of the world’s most impactful investors. Institutions include LGT, Reference Capital, Harbourvest, Legal & General. Angels include the likes of Michael Pennington (Gumtree), Will Neale (Grabyo), Paul Forster (Indeed), Ilkka Paananen (Supercell), Shakil Khan (Spotify), Kärt Siilats (GoBeyondCapital), and founders from the Seedcamp Nation include the likes of: Taavet Hinrikus (Wise), Daniel Dines (UiPath), Jeppe Rindom (Pleo), and Johnny Boufarhat (Hopin).
The new fund will continue to back Europe’s most ambitious founders from Angel rounds to Seed. Founders will be in great company, joining Seedcamp’s portfolio of over 460 companies which includes 9 unicorns: UiPath (NYSE: PATH), Wise (LON: WISE), Revolut, Pleo, Hopin, Grover, Viz.ai, wefox, and Sorare alongside fast-growing businesses such as Synthesia, Buynomics, Griffin, Ramp, Sylvera, Superscript, Primer, Appwrite, PortalOne, and Peppy.
Seedcamp’s VI is almost double the size of Seedcamp V, making it by far the firm’s largest fund to date. It is also one of Europe’s largest funds closed by a female-founded firm.
Coming just 2.5 years after the close of Seedcamp V and in the midst of a turbulent moment for the tech ecosystem, Seedcamp is no stranger to raising capital against a challenging macroeconomic climate. However, Seedcamp remains firm in its belief that investing at the earliest stage as we look to the next 10-15 years of innovation is still the best investment to make, a view supported by the hundreds of investors in this oversubscribed Fund VI.
In Fund VI, Seedcamp will increase the amount of capital it invests in companies from the very first cheque - from Angel to Seed rounds - and will reserve capital for follow-on up to Series B. Founders will continue to benefit from Seedcamp’s unparalleled global network and in-house platform of support and products, engineered to help companies get off the ground with access to an expert network of talent, companies and investors to help them reach that all important Series A and beyond.
New for Fund VI, Seedcamp is launching the Seedcamp Expert Collective, a community of 100+ top-quality operators who have scaled some of the world’s most successful businesses, including the likes of Uber, Stripe, Cloudflare, Revolut, Deliveroo, NextDoor, Skyscanner and Wise and who provide support to Seedcamp’s community of founders and their teams through one-to-one sessions, workshops, content, micro-communities, and in some instances, angel investment.
Reshma Sohoni, Seedcamp Founding Partner, comments: “When we started out 15 years ago, we said Europe needed access to capital, basic knowledge on company building, and role models. Today, Europe’s needs have matured significantly, and it’s now all about speed, coverage, and quality, something we pride ourselves on at Seedcamp and that we know resonates with both our Founders and LPs.”
Taavet Hinrikus, Co-founder of Seedcamp-portfolio company Wise and Seedcamp Angel LP, comments: "Seedcamp has been an incredible partner in building Wise from the earliest days to becoming a public company. I'm excited to back Seedcamp Fund VI as a repeat LP, continue to be part of the strong and ever-growing Seedcamp Nation, and co-invest in the next generation of world-class entrepreneurs building in Europe."
Will Neale, Founder of Grabyo and Seedcamp Angel LP, comments: "I have directly co-invested in over 40 angel deals alongside Seedcamp and think the team and their investment performance is one of the best in class worldwide. I am thrilled to double down on my commitment as an LP for Fund VI. Seedcamp's flywheel effect and their decision-making and operational excellence uniquely position them to identify the next generation of exceptional founders, and I'm excited to co-invest alongside the team in many more impactful companies with this new fund."
About Seedcamp:
Seedcamp is Europe's seed fund, identifying and investing from Angel rounds to Seed in world-class founders attacking large, global markets and solving real problems using technology. The Seedcamp Nation includes 468 startups building breakout businesses that change the way people live, interact and buy, and includes publicly listed UiPath, Wise, and unicorns Revolut, Hopin, Sorare, Pleo, wefox, Grover, and viz.ai, along with fast-growing businesses such as Synthesia, Peppy, Sylvera, Appwrite, Ramp and Buynomics. Seedcamp fast-tracks a founder's vision and creates value through immediate access to smart capital, a lifelong community of support, and a global network built upon more than 15 years’ experience backing exceptional talent. www.seedcamp.com/