Data Science Investment Counter —Funding raised by UK data science companies in 2018.
£ 5.640 Million

Seedcamp Raises £60M to invest in 100 European companies

Early-stage VC firm Seedcamp has raised a fourth round of funding— hitting £60 million. Now the firm plans to invest in at least 100 European startups at pre-Seed and Seed stages, and possibly in cryptocurrency tokens .

The fresh cash raised by Seedcamp —which was launched in 2007, starting  with a $2.5 million fund for investment— came from over 100 technology founders including  Daniel Dines (UiPath), Taavet Hinrikus (TransferWise), Sten Tamkivi (MoveGuides), Ryan Notz (MyBuilder) and Michael Pennington (Gumtree). A part of the money was instead crowdfunded on online platform Seedrs, with which Seedcamp has a special partnership.

The new fund— dubbed “Fund IV”— has in fact already been partially used to invest in 15 companies, including  Factmata, Sweatcoin, Pace, Homie, Vantik, doctorly, StepLadder, Maze and Veratrak.

“The Seedcamp story is one that’s touched so many people across the world over our 11 years and we’re thrilled to welcome over 100 founders, mentors and angels from across the Seedcamp Nation who will play an active role in our future,” Seedcamp cofounder and managing partner Reshma Sohoni said in a statement.

“At Seedcamp our ambition is bold to match that of our founders and we believe we have the perfect team and investors assembled to help our companies and our LPs achieve outsized results for Europe and beyond.”

Managing partner Carlos Eduardo Espinal, also commented on the news: “When we talk about Seedcamp as a lifelong community of support we really mean it; it’s amazing to have founders who we backed when we were first starting out join us as part of our new fund as we invest in the next generation of world-class entrepreneurial talent.”

Image via Seedcamp

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BY SHACK15

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