Seedcamp marks its tenth anniversary with £41m funding round

The investor, which provides seed funding to innovative start-ups across Europe, will use the funding to invest in 100 new businesses.

Seedcamp has raised a further £41m to invest in innovative start-ups across the continent, doubling its previous fund raise of £17.7m back in 2014.

The pan-European start-up investor is backed by 60 leading corporates including Investec, Unilever Ventures, Thomas Cook Money and MassMutual Ventures just to name a few.

Since its launch a decade ago, the investor has injected capital and support into 250 businesses which have gone on to create products and services that are used by millions of people worldwide.

These range from the likes of London-based fintech pioneer Revolut through to Eastern European tech firms such as Teleport and Zemanta all the way to companies in Portugal, Romania and Switzerland.

In a statement on the company’s website, Seedcamp said: “Alongside the evolution of the ecosystem, we are innovating our own offering.

“With Seedcamp Fund IV – our biggest and boldest fund to date – we plan to invest in up to 100 start-ups from across Europe by leading pre-seed rounds, co-investing in syndicated seed rounds and supporting with all that falls in between.

“Our focus is to get you off-the-ground and all the way up to a great Series A, and beyond. We also reserve a significant amount of capital to be able to follow-on in rounds up to Series B.

“With Fund IV, we also have approval to invest in crypto tokens making us one of the first, if not the first, LP/GP funds to receive this.”