Seedcamp raises $320M for Fund VII, doubling previous fund, to expand US footprint
Summary
Seedcamp, a European-focused venture capital firm, has raised $320 million for its seventh fund (Fund VII), nearly doubling its previous $180 million Fund VI from 2023. The new fund allocates $220 million to early-stage investments (Seedcamp VII) and $100 million to growth-stage follow-ons (Select). After 18 years focused on Europe, Seedcamp plans to expand its U.S. presence—already operating in NYC and Miami—by growing its team in San Francisco and Silicon Valley to help European portfolio companies connect with American customers and investors. The firm continues to target very early-stage startups (pre-product, pre-revenue, pre-traction) and leverages its portfolio and LP network for deal flow.
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bskySeedcamp raises $320M for Fund VII, doubling previous fund, to expand US footprintbriefly.coKey quotes
· 4 pulledSeedcamp raised $320 million for Fund VII after 18 years focused on Europe, doubling Fund VI's $180 million raised in 2023.
Fund VII allocates $220 million to Seedcamp VII for early-stage investments and $100 million to Select for growth-stage follow-on investments.
Seedcamp already operates in New York City and Miami and plans to expand its U.S. team to connect European portfolio companies with U.S. customers and investors, especially in San Francisco and Silicon Valley.
The firm targets startups pre-product, pre-revenue, or pre-traction and uses its portfolio and LP network for deal flow.
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