Seedcamp raises $320M for its new fund to expand its US footprint
Key takeaways
- After 18 years of focusing on Europe, early-stage investor Seedcamp said on Monday that it had raised $320 million for its latest fund which will see it expanding its presence in the United States.
- Fund VII is the investment firm s largest so far, double the $180 million it had raised for Fund VI in 2023.
- Seedcamp already has offices in New York City and Miami, but the firm is now setting out to grow the team Stateside in an effort to connect more of its European portfolio to U.S.
After 18 years of focusing on Europe, early-stage investor Seedcamp said on Monday that it had raised $320 million for its latest fund which will see it expanding its presence in the United States.
Fund VII is the investment firm s largest so far, double the $180 million it had raised for Fund VI in 2023. However, Seedcamp is splitting that amount to focus more on growth-stage investments: $220 million is slated for Seedcamp VII, its vehicle for early-stage investments, while the remaining $100 million is being set aside for growth-stage, follow-on investments via a new fund called Select.
Seedcamp already has offices in New York City and Miami, but the firm is now setting out to grow the team Stateside in an effort to connect more of its European portfolio to U.S. customers and investors, especially with San Francisco and Silicon Valley regaining their position as a center of gravity in recent years.