Seedcamp

Last updated
Seedcamp
Company type Limited liability company
Industry Venture capital
FoundedMay, 2007 (London, United Kingdom)
Headquarters72-74 Dean Street, Sohoworks – Seedcamp. London W1D 3SG, United Kingdom
Key people
Reshma Sohoni, Carlos Espinal
ProductsInvestments
Website www.seedcamp.com

Seedcamp is a European seed-stage venture capital fund, headquartered in London, launched in May 2007 by a group of 30 European investors. [1] [2] The fund's Managing Partners are Reshma Sohoni and Carlos Espinal. [3] [4]

Contents

As of August 2017, Seedcamp has a portfolio of over 250 companies who have raised over $1Bn in follow-on funding from investors across the globe with notable investment from Wise, Revolut, UiPath, and others.[ citation needed ]

History

Seedcamp was originally created by Saul Klein and Reshma Sohoni. [5] Participating VCs and advisors in Seedcamp's launch included Index Ventures, Atomico Investments, Atlas Venture, Balderton Capital, TAG, Forsyth Group and Brown Rudnick. [6] Carlos Espinal joined as Partner in 2010. [7]

In 2014, Seedcamp announced a €20million Seed fund, which enables the early-stage investor in invest up to €200,000 into rounds between €300,000 and €2M. Seedcamp has invested in 24 seed stage startups [8] from its Seed Fund as of September 2015. The fund focuses on providing investment for startups looking to scale globally, rather than focusing on the initial hurdle of getting up-and-running. [9]

In October 2017, Seedcamp announced the acquisition of its first two funds by public listed company, Draper Esprit. [10]

In November 2017, Seedcamp announced the first close of a £41M seed fund to invest in 100 new startups across Europe[ citation needed ]. Seedcamp will lead pre-seed rounds with £100k and can anchor up to £250k by bringing angels and high net-worths into the round. Seedcamp will co-invest in seed rounds of up to £2M where there's already a lead investor on board.[ citation needed ] Seedcamp Fund IV consists of 60 LPs from across the globe which includes Index Ventures, Atomico, Draper Esprit, ADV, Idinvest, Korelya, Speedinvest[ citation needed ] and big business such as Investec, Thomas Cook Money, Unilever Ventures and MassMutual Ventures, marking the US-based insurer's first investment in Europe.[ citation needed ]

In 2023, Seedcamp announced the closing of its €166 million Fund VI, making it by far the company's largest fund to date. [11]

Seedsummit

Seedcamp spearheaded Seedsummit along with key global partners: a platform aimed at making it easier for startup entrepreneurs to find the most active seed investors relevant to their business. [12] Significantly, Seedcamp was able to sign up 21 European investors to agree on a standard term sheet for startups. Techcrunch presented this as a “historic move”. [13]

Performance and notable exits

In October 2016, Seedcamp revealed it had returned its first fund almost 2x over. [14]

In January 2017, Seedcamp announced a small Secondary sale of its stake in fintech unicorn, Wise described as “one of the best European seed exits in recent years that wasn’t an acquisition or IPO”. [15]

In October 2017, Seedcamp Funds I & II were acquired by Draper Esprit for $26.3 million, delivering a reported 4x return to investors. [10] [16] [17]

Other notable exits include: Mobclix bought by Velti for $50M, [18] RentMineOnline bought by RealPage for $9.5M, [19] Crashpadder acquired by Airbnb, [20] and Talasim acquired by Jeeran. [21]

Related Research Articles

<span class="mw-page-title-main">Gengo</span> Japanese web-based translation platform

Gengo was a web-based translation platform headquartered in Tokyo.

Sequoia Capital Operations, LLC is an American venture capital firm headquartered in Menlo Park, California which specializes in seed stage, early stage, and growth stage investments in private companies across technology sectors. As of 2022, the firm had approximately US$85 billion in assets under management.

Accel, formerly known as Accel Partners, is an American venture capital firm. Accel works with startups in seed, early and growth-stage investments. The company has offices in Palo Alto, California and San Francisco, California, with additional operating funds in London, India and China.

<span class="mw-page-title-main">Draper Triangle</span> American based venture capital firm

Draper Triangle Ventures is a Pittsburgh based venture capital firm.

<span class="mw-page-title-main">500 Global</span> U.S. startup accelerator

500 Global is an early-stage venture fund and seed accelerator founded in 2010 by Dave McClure and Christine Tsai. The fund admitted a first "class" of twelve startups to its incubator office in Mountain View, California in February 2011. They expanded to a second class of 21 in June 2011 and a third class of 34 in October 2011. 500 Global has $2.3 billion in assets under management (AUM) as of March 2024.

Headline, formerly e.ventures and BV Capital, is a global and data-driven venture capital firm investing across stages and sectors, from Direct-to-consumer to Deep tech and Software. It was founded in 1998 in Santa Barbara, California and has since grown to invest in four different regions worldwide: United States, Europe, Asia and Latin America. The firm has its headquarters in San Francisco, California, with additional offices in Berlin and Hamburg, Germany; Paris, France; London, United Kingdom; Tokyo, Japan; Taipei, Taiwan and São Paulo, Brazil.

Robin Klein is a British entrepreneur and investor. He was until 2015 a venture partner at Index Ventures and co-founder of The Accelerator Group, an advisor and investor in early-stage companies. In April 2015, he and his son, Saul founded LocalGlobe, a seed stage venture capital firm.

Uncork Capital is a venture capital firm based in San Francisco, California, founded by Jeff Clavier. Considered one of the most active established seed funds in Silicon Valley, it has invested in companies such as Postmates, Eventbrite, Fitbit, and SendGrid.

Runa Capital is an international venture capital firm headquartered in Luxembourg that invests in deep tech, enterprise software, and fintech infractructure early-stage startups. From 2010 through 2022, Runa Capital raised around $500 million in 4 funds and invested in over 100 companies in more than 14 countries of Europe and North America, including Nginx, MariaDB, Zopa, Brainly, drchrono, Smava, and Mambu.

<span class="mw-page-title-main">Pipedrive</span> Company based in Estonia and USA

Pipedrive is an Estonian cloud-based software as a service company. It is the developer of the web application and mobile app Pipedrive, a sales customer relationship management (CRM) tool. The company has more than 1,000 employees in its eight offices across Europe and two offices in the US. Its CRM is used by over 100,000 customers around the world. In 2020, Pipedrive became the fifth Estonian-founded unicorn.

Social Capital, formerly known as Social+Capital Partnership, is a venture capital firm based in Palo Alto, California. The firm specializes in technology startups, providing seed funding, venture capital, and private equity.

Lowercase Capital was an American venture capital firm that provided seed and early-stage funding for several successful startups, including Twitter, Twilio, Kickstarter, Uber, Instagram, and Stripe. It raised over $1 billion in capital, and sources claim a return of at least $5 billion to its investors. In 2017 Chris Sacca closed the fund for new start-up investments to focus on climate action and politics. He said, however, that Lowercase Capital would continue to support the existing portfolio of investments.

Josh Stein is an American businessman and venture capitalist. He is a managing partner at Threshold Ventures and was featured in the Forbes Midas List in 2013, 2014 and 2015 in recognition of his accomplishments as an investor. He was also the recipient of the 2015 Deloitte Fast 500 Venture Capitalist of the Year award. Stein holds board responsibilities at Box (company), Chartbeat, LaunchDarkley, LendKey, Lumity, and Talkdesk—and led Box’s first round of institutional investment. He is also an investor in AngelList, Doximity, Front, Loftium, Periscope Data acquired by Sisense, and Rippling.

Monese is a British company that offers current accounts and money transfer services as an alternative to traditional banks. The mobile-only service provides accounts in Pounds sterling, Euros and Romanian leu, and is available in 31 countries across the European Economic Area. As of January 2020, it has over 2 million customers.

<span class="mw-page-title-main">Quest Ventures</span>

Quest Ventures is a venture capital firm founded in 2011 by James Tan and Wang Yunming in Beijing, China. The firm mainly focuses on digital commerce investments and has an office in Singapore. The firm deploys funds across Asia in countries such as Singapore, Malaysia, Vietnam, and Indonesia. Quest Ventures is also the largest anchor tenant at JTC Launchpad.

Molten Ventures, formerly Draper Esprit, is a British venture capital firm, investing in high growth technology companies with global ambitions. The firm has offices in London, Cambridge and Dublin. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

<span class="mw-page-title-main">Fusion LA</span> Israeli startup accelerator

Fusion VC is a venture capital firm and an accelerator for Israeli startups in the United States. It was founded in 2017 and is headquartered in the United States with offices in Israel.

Harry Stebbings is a British venture capitalist known for starting "The Twenty Minute VC" podcast. In 2020, he launched his own venture capital fund.

<span class="mw-page-title-main">Pear VC</span> Seed-stage venture firm

Pear VC is a seed-stage venture firm based in Menlo Park, California. It was founded by Pejman Nozad and Mar Hershenson in 2013. Pear VC works with early-stage companies. The company was originally based in Palo Alto, California before relocating to Menlo Park.

References

  1. ↑ "Europe's Seedcamp closes 4th fund at $81 million, partners with equity crowdfunding platform Seedrs". VentureBeat. 2018-05-22. Retrieved 2020-06-04.
  2. ↑ "Ten years on: Seedcamp outs new £41M seed fund and says it's ready to invest in tokens". TechCrunch. Retrieved 2020-06-04.
  3. ↑ Evans, Peter. "Q&A with angel investor Reshma Sohoni". ISSN   0140-0460 . Retrieved 2020-06-04.
  4. ↑ "Is it possible to balance working in VC and motherhood?". Sifted. Retrieved 2020-06-04.
  5. ↑ "Interview with Seedcamp founder Saul Klein". Econsultancy. Retrieved 2015-11-30.
  6. ↑ Arrington, Michael. "TechCrunch Partners With SeedCamp Europe". TechCrunch. Retrieved 2015-11-30.
  7. ↑ "Seedcamp gets serious". Telegraph.co.uk. Retrieved 2015-11-30.
  8. ↑ "Your First Round Fund". seedcamp.com. Retrieved 2015-11-30.
  9. ↑ "Seedcamp Launches a Fund Focused on Helping Startups Achieve Longevity". The Next Web. Retrieved 2015-11-30.
  10. 1 2 "Publicly-listed UK VC Draper Esprit acquires Seedcamp's Fund I & II for $23.6M". TechCrunch. Retrieved 2020-06-04.
  11. ↑ Marzo, Stefano De (2023-05-17). "Seedcamp closes its ambitious €166 million Fund VI, doubling the size of previous vehicle". EU-Startups. Retrieved 2024-04-02.
  12. ↑ "Seedsummit Brings Europe's Seed Investors Together for the First Time". Techcrunch. Retrieved 2012-08-26.
  13. ↑ "In A Historic Move 15 European Investors Agree on Standard Term Sheet for Startups". Techcrunch. Retrieved 2012-08-28.
  14. ↑ "Seedcamp's fund performance shows booming European start-up scene". ft.com. Retrieved 2017-08-10.
  15. ↑ "Seedcamp sells part of its stake in European unicorn TransferWise". techcrunch.com. Retrieved 2017-08-10.
  16. ↑ Konrad, Alex. "This Seed-Stage VC Founder Sold His Entire First Fund At A 4x Profit. Will Others Follow?". Forbes. Retrieved 2020-06-04.
  17. ↑ "Draper Esprit acquires Seedcamp Funds I and II for €20 million". Tech.eu. Retrieved 2020-06-04.
  18. ↑ "Mobclix Acquired by Mobile Marketing Company Velti". Techcrunch. Retrieved 2012-08-27.
  19. ↑ "Realpage Acquires RentMineOnline". NASDAQ. Retrieved 2012-08-27.
  20. ↑ "Airbnb Buys Crashpadder its Largest UK Competitor". CNET. Retrieved 2012-08-30.
  21. ↑ "Jeeran Acquires Talasim". The National. Retrieved 2012-08-27.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.