Seedcamp
{{Notability|1=Companies|date=July 2023}}
{{Infobox company
| name = Seedcamp
| logo = Seedcamp logo.png
| type = Limited liability company
| foundation = May, 2007 (London, United Kingdom)
| key_people = Reshma Sohoni, Carlos Espinal
| location = 72-74 Dean Street, Sohoworks – Seedcamp. London W1D 3SG, United Kingdom
| industry = Venture capital
| products = Investments
| assets =
| homepage = {{URL|http://www.seedcamp.com/}}
| num_employees =
}}
Seedcamp is a European seed-stage venture capital fund, headquartered in London, launched in May 2007 by a group of 30 European investors.{{Cite web|date=2018-05-22|title=Europe’s Seedcamp closes 4th fund at $81 million, partners with equity crowdfunding platform Seedrs|url=https://venturebeat.com/2018/05/22/europes-seedcamp-closes-4th-fund-at-81-million-partners-with-equity-crowdfunding-platform-seedrs/|access-date=2020-06-04|website=VentureBeat|language=en-US}}{{Cite web|title=Ten years on: Seedcamp outs new £41M seed fund and says it’s ready to invest in tokens|url=https://techcrunch.com/2017/11/21/seedcamp-turns-10/|access-date=2020-06-04|website=TechCrunch|language=en-US}} The fund's Managing Partners are Reshma Sohoni and Carlos Espinal.{{Cite news|last=Evans|first=Peter|title=Q&A with angel investor Reshma Sohoni|language=en|url=https://www.thetimes.com/article/q-a-with-angel-investor-reshma-sohoni-2xxjsz08p|access-date=2020-06-04|issn=0140-0460}}{{Cite web|title=Is it possible to balance working in VC and motherhood?|url=https://sifted.eu/articles/vc-motherhood/|access-date=2020-06-04|website=Sifted|language=en-US}}
{{asof|August 2017|post=,}} 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.{{cn|date=September 2023}}
History
Seedcamp was originally created by Saul Klein and Reshma Sohoni.{{Cite web|title = Interview with Seedcamp founder Saul Klein|url = https://econsultancy.com/blog/1546-interview-with-seedcamp-founder-saul-klein/|website = Econsultancy|accessdate = 2015-11-30}} Participating VCs and advisors in Seedcamp's launch included Index Ventures, Atomico Investments, Atlas Venture, Balderton Capital, TAG, Forsyth Group and Brown Rudnick.{{Cite web|title = TechCrunch Partners With SeedCamp Europe|url = https://techcrunch.com/2007/07/19/techcrunch-partners-with-seedcamp-europe/|website = TechCrunch|accessdate = 2015-11-30|first = Michael|last = Arrington}} Carlos Espinal joined as Partner in 2010.{{Cite web|title = Seedcamp gets serious|url = https://www.telegraph.co.uk/technology/8008678/Seedcamp-gets-serious.html|website = Telegraph.co.uk|accessdate = 2015-11-30}}
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{{Cite web|title = Your First Round Fund|url = http://seedcamp.com/your-first-round-fund/|website = seedcamp.com|accessdate = 2015-11-30}} 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.{{Cite web|title = Seedcamp Launches a Fund Focused on Helping Startups Achieve Longevity|url = https://thenextweb.com/eu/2014/07/15/seedcamp-launches-third-fund-time-wants-give-startups-shot-longevity/|website = The Next Web|accessdate = 2015-11-30}}
In October 2017, Seedcamp announced the acquisition of its first two funds by public listed company, Draper Esprit.{{Cite web|title=Publicly-listed UK VC Draper Esprit acquires Seedcamp’s Fund I & II for $23.6M|url=https://techcrunch.com/2017/10/25/publicly-listed-uk-vc-draper-esprit-acquires-seedcamps-fund-i-ii-for-23-6m/|access-date=2020-06-04|website=TechCrunch|language=en-US}}
In November 2017, Seedcamp announced the first close of a £41M seed fund to invest in 100 new startups across Europe{{Citation needed|date=June 2020}}. 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|date=June 2020}} Seedcamp Fund IV consists of 60 LPs from across the globe which includes Index Ventures, Atomico, Draper Esprit, ADV, Idinvest, Korelya, Speedinvest{{Citation needed|date=June 2020}} 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|date=June 2020}}
In 2023, Seedcamp announced the closing of its €166 million Fund VI, making it by far the company's largest fund to date.{{Cite web |last=Marzo |first=Stefano De |date=2023-05-17 |title=Seedcamp closes its ambitious €166 million Fund VI, doubling the size of previous vehicle |url=https://www.eu-startups.com/2023/05/seedcamp-closes-its-ambitious-e166-million-fund-vi-doubling-the-size-of-previous-vehicle/ |access-date=2024-04-02 |website=EU-Startups |language=en-US}}
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.{{cite news|url=https://techcrunch.com/2009/12/12/seedsummit-brings-europes-seed-investors-together-for-the-first-time/|title=Seedsummit Brings Europe's Seed Investors Together for the First Time|accessdate=2012-08-26|publisher=Techcrunch}} 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”.{{cite news|url=https://techcrunch.com/2011/07/06/in-a-historic-move-15-european-investors-agree-on-standard-term-sheet-for-startups/s|title=In A Historic Move 15 European Investors Agree on Standard Term Sheet for Startups|accessdate=2012-08-28|publisher=Techcrunch}}
Performance and notable exits
In October 2016, Seedcamp revealed it had returned its first fund almost 2x over.{{Cite web|title = Seedcamp’s fund performance shows booming European start-up scene|url = https://www.ft.com/content/1b6e154e-8cad-11e6-8aa5-f79f5696c731|website = ft.com |accessdate = 2017-08-10}}
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”.{{Cite web|title = Seedcamp sells part of its stake in European unicorn TransferWise|url = https://techcrunch.com/2017/01/31/seed-decamping-transferwise/|website = techcrunch.com |accessdate = 2017-08-10}}
In October 2017, Seedcamp Funds I & II were acquired by Draper Esprit for $26.3 million, delivering a reported 4x return to investors.{{Cite web|last=Konrad|first=Alex|title=This Seed-Stage VC Founder Sold His Entire First Fund At A 4x Profit. Will Others Follow?|url=https://www.forbes.com/sites/alexkonrad/2019/05/01/this-seed-stage-vc-founder-sold-his-entire-first-fund-at-a-4x-profit-will-others-follow/|access-date=2020-06-04|website=Forbes|language=en}}{{Cite web|title=Draper Esprit acquires Seedcamp Funds I and II for €20 million|url=https://tech.eu/brief/draper-esprit-seedcamp-funds/|access-date=2020-06-04|website=Tech.eu|language=en-US}}
Other notable exits include: Mobclix bought by Velti for $50M,{{cite news|title=Mobclix Acquired by Mobile Marketing Company Velti|publisher=Techcrunch|url=https://techcrunch.com/2010/09/30/mobclix-acquired-by-mobile-marketing-company-velti/|accessdate=2012-08-27}} RentMineOnline bought by RealPage for $9.5M,{{cite news|title=Realpage Acquires RentMineOnline|publisher=NASDAQ|url=http://www.nasdaq.com/article/realpage-acquires-rentmineonline-20120723-00686|accessdate=2012-08-27}} Crashpadder acquired by Airbnb,{{cite news|title=Airbnb Buys Crashpadder its Largest UK Competitor|publisher=CNET|url=http://news.cnet.com/8301-1023_3-57401284-93/airbnb-buys-crashpadder-its-largest-u.k-competitor/|accessdate=2012-08-30}} and Talasim acquired by Jeeran.{{cite news|title=Jeeran Acquires Talasim|publisher=The National|url=http://www.thenational.ae/business/media/jeeran-acquires-talasim|accessdate=2012-08-27}}
References
{{Reflist|30em}}
External links
{{Commons category|Seedcamp}}
- {{Official website|http://www.seedcamp.com/}}