Seedcamp, one of Europe’s leading early-stage funds, today announced the €166 million close of its heavily oversubscribed Fund VI to continue in its 15+ year track record of backing Europe’s most exceptional founders.
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.
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.”
The new fund is backed by some of the world’s most impactful investors including 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).
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.”
Seedcamp VI 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 partners commented that in spite of what is happening in the macro-climate, they believe the time for investment in fundamental innovation is now, be it from chip set level (GPUs versus CPUs) to transformer models and software distribution. “Our collective future will be shaped by the companies starting out today, and we can’t wait to partner with them on the journey.”, added.
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.