The new capital is split into two distinct vehicles: $220 million for early-stage bets under Seedcamp VII and $100 million for a dedicated growth-stage fund dubbed Select. While the firm maintains existing offices in New York and Miami, the current strategy focuses on scaling its stateside team to bridge the gap between European founders and U.S. capital. Co-founder Reshma Sohoni emphasized that the goal is to plug entrepreneurs into the specific nodes of the American tech ecosystem that drive growth.
In section Startups & Technology
Seedcamp pivots to US expansion with $320 million fund
After nearly two decades of anchoring its investment strategy in Europe, London-based Seedcamp is turning its gaze toward the American market. The firm announced a $320 million capital raise on Monday, marking its largest fund to date and signaling a deliberate push to connect its portfolio startups with Silicon Valley.
Seedcamp maintains a proven track record, having backed successes like Revolut, UiPath, and Wise. With 12 unicorns already in its 550-company portfolio and $1 billion in assets under management, the firm intends to issue initial checks of approximately $1 million to 120 startups. The Select fund will simultaneously target follow-on investments of $3 million to $5 million in Series B rounds and beyond. Backers for the new funds include the British Business Bank, HarborVest, and a cohort of 80 portfolio founders acting as angel investors. Despite the expansion, Sohoni remains firm on avoiding capital-intensive models like marketplaces, preferring ventures that prioritize commercial traction from the outset.
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