the cube journal

Supporting the next generation of European entrepreneurs with Seedcamp

Cube’s portfolio expands with the inclusion of Seedcamp, one of the most famous funds in Europe.

 

Seedcamp Fund V is the most ambitious in the European seed fund’s history: it recently hit the close of a heavily oversubscribed £78M fund to invest in the next generation of European entrepreneurs. Backed by over 100 institutional investors including some of the world’s most impactful Venture Capital firms (Index, Sequoia, Underscore VC, Northzone, Atomico), the new fund is the largest to date, continuing Seedcamp’s 13+ years track-record of backing Europe’s most exceptional founders.

 

Seedcamp is an European seed fund, investing early in world-class founders attacking large, global markets and solving real problems using technology. The Seedcamp Nation includes over 360 breakout businesses as Hopin, Revolut, UiPath, Transferwise, Pointy (acquired by Google), wefox, Ezra, viz.ai and Stupefix (acquired by GoPro) among others. Seedcamp fast-tracks a founder’s vision through immediate access to smart capital, a lifelong community of support and a global network of some of the world’s best talent.

 

From starting out in the middle of the economic crash, to raising Fund IV under the cloud of Brexit and the triggering of Article 50 and now Fund V fully remotely during COVID-19, the team understands first-hand the pains of the fundraising process, often experienced by the founders it back.

 

In Fund V, Seedcamp will increase the amount of capital it invests in pre-seed and seed stage companies and also reserve capital for follow-on rounds up to Series B. Founders will continue to benefit from Seedcamp’s unparalleled global network and in-house platform of support, engineered to help companies get off the ground and to that all-important Series A.

 

“At Seedcamp, we’ve always held firm in our belief that exceptional talent truly can come from anywhere - a belief we stand by both in how we’ve built out our own team and the founders we’ve gone on to back. When you take a chance and make the first investment into the Romanian founder who goes on to build Europe’s first cloud-based decacorn (UiPath) or the founder with health issues who creates an online events platform to drive connectivity for people who can’t be there in person - and it becomes one of the fastest growing companies in history (Hopin) - you know you’re onto something. Fundraising, both for companies and VCs, is never easy - you have to constantly be selling and fighting your corner as to why someone should take a chance on you. Raising Fund V felt like the first time we’ve not had to fight tooth and nail to prove our legitimacy, a strange reality to be faced in the middle of what is a hugely uncertain time across the world. To be heavily oversubscribed and to reach a first and final close in the middle of a very challenging macro climate gives us even further conviction that Seedcamp really is the place for Europe’s entrepreneurial talent to get their start. Now the hard work begins to find them.”

 

- The Seedcamp Partners

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