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]
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]
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.[11] 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”.[12]
Performance and notable exits
In October 2016, Seedcamp revealed it had returned its first fund almost 2x over.[13]
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”.[14]
In October 2017, Seedcamp Funds I & II were acquired by Draper Esprit for $26.3 million, delivering a reported 4x return to investors.[10][15][16]
Other notable exits include: Mobclix bought by Velti for $50M,[17] RentMineOnline bought by RealPage for $9.5M,[18] Crashpadder acquired by Airbnb,[19] and Talasim acquired by Jeeran.[20]
