Seedcamp, one of Europe’s earliest seed investors, has closed its seventh fund with $220 million and a select fund 2 with $100 million, totaling $320 million to back seed-stage startups. This latest fundraising brings Seedcamp's assets under management (AUM) to $1 billion, nearly two decades after its 2007 launch with an initial $3 million fund, according to news.crunchbase.com.
Carlos Espinal, managing partner at Seedcamp since 2010, and Hilary Howe, who rejoined in 2022 to lead the select fund and establish a New York presence, shared insights on the firm’s growth. Seedcamp has invested in around 550 companies, including early bets on Revolut, Wise, UiPath, Synthesia, and Fluidstack. Since its second fund, the firm has invested in 100 companies per fund, emphasizing community support among founders as a key to success.
The firm’s approach centers on fostering a founder community where entrepreneurs support each other by sharing recent experiences rather than relying solely on long-established figures. Espinal described this peer network as Seedcamp’s “secret sauce,” noting that after investing in about 70 companies, founders began becoming customers and launching new startups themselves. This strategy differentiates Seedcamp in the competitive European seed funding landscape.
Seedcamp’s latest funds will continue to back early-stage startups across Europe and the U.S., leveraging its growing community and New York presence. The firm’s milestone of $1 billion in AUM underscores its sustained influence in seed investing since 2007, with a portfolio that now includes over 550 companies, per news.crunchbase.com.