Seedcamp raises £78M for its fifth fund

By | November 11, 2020

European pre-seed and seed-stage VC Seedcamp has reached £78M within the first and closing shut of its fifth fund, ‘Seedcamp V’, its largest to this point.

The spherical was backed by traders together with British Affected person Capital, Authorized & Basic, TIFF, LGT, Classic IP, Isomer Capital, OMERS. VC backers embody Index, Sequoia, Underscore VC, Northzone, Atomico and Draper Esprit. Angel backers embody Taavet Hinrikus (TransferWise), Daniel Dines (UiPath), David Helgason (Nordic Makers/Unity) and Shakil Khan (Spotify).

The brand new fund comes three years on from the shut of Fund IV, at £60M, and this new fund will increase the quantity of capital it’s going to spend money on pre-seed and seed-stage firms, in addition to reserving capital for follow-on rounds as much as Sequence B.

Seedcamp backed Hopin, the digital conferences platform which made hay throughout the pandemic and not too long ago raised $125m giving it a $2bn valuation.

Leave a Reply

Your email address will not be published. Required fields are marked *