A new GamesBeat event is around the corner! Learn more about what comes next. 


Seedcamp, an investment fund aimed at early-stage European startups, has announced the first close of its fourth seed fund at £41 million ($54 million).

Founded in 2007 by around 30 European investors, Seedcamp has often been compared to Y Combinator in the U.S. and has invested in more than 250 startups that have gone on to raise more than $1 billion in subsequent funding.

With Fund IV, London-based Seedcamp ushers in around 60 limited partners, including Index Ventures, Atomico, Idinvest Partners, and the U.K. government-backed British Business Bank.

Seedcamp will invest £100,000 ($132,000) in pre-seed stage startups, which may be bumped up to $250,000 ($331,000) when other angel investors are involved, and £400,000 ($530,000) in seed rounds of up to £2 million ($2,650,000) when there is already another lead investor involved.

Additionally, Seedcamp said that it will reserve a “significant” chunk of money to invest in Series B rounds, and it may also invest in crypto tokens.

“Seedcamp has been on an incredible journey over the past decade, and our ambition, alongside that of European entrepreneurs, has grown exponentially over this time,” noted Seedcamp managing partner Carlos Espinal. “While our investment approach and offering has evolved, the core of what Seedcamp stands for remains the same, with our founders and our global community at the center of everything we do.”

Seedcamp’s latest fund eclipses its previous $30 million fund that was announced back in 2014, as well as its $4 million second fund.

VentureBeat

VentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact. Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:
  • up-to-date information on the subjects of interest to you
  • our newsletters
  • gated thought-leader content and discounted access to our prized events, such as Transform 2021: Learn More
  • networking features, and more
Become a member