Seedcamp's $23M Fund Grew to $446M Through Early Revolut, UiPath Bets
By
Iain Martin
Summary
Seedcamp, a London-based seed fund cofounded by Reshma Sohoni in 2007, turned a $23 million third fund (raised in 2014) into over $446 million through early investments in European startups like Revolut, UiPath, and Pleo. The fund achieved a 50.3% net internal rate of return, placing it among top-tier global venture capital firms. The article discusses Seedcamp's strategy of writing small early checks into European founders and its continued focus on backing the next generation of startups.
Source
Twitter / XSeedcamp's $23M Fund Grew to $446M Through Early Revolut, UiPath Betsforbes.comKey quotes
· 3 pulledWhen Reshma Sohoni cofounded London-based seed fund Seedcamp back in 2007, the pitch was simple: back Europe's best founders.
Those investments helped turn the $23 million that Seedcamp raised for its third fund in 2014 into over $446 million.
The British fund's 50.3% net internal rate of return puts it in an exclusive class only rivaled by the best of big name American funds.
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