Seedcamp, the renowned European early-stage venture capital firm, announced today the closing of a new $320 million fund, its largest to date. This move marks a strategic shift after eighteen years of focusing primarily on Europe, as the firm aims to strengthen its presence in the United States. Fund VII doubles the $180 million raised for Fund VI in 2023 and signals a new chapter for the company founded by Reshma Sohoni and partners.
Fund VII splits $320 million into two investment vehicles
Seedcamp has structured Fund VII in two distinct components: $220 million allocated to Seedcamp VII, its early-stage vehicle, and $100 million directed to a new fund called Select, dedicated to growth-stage follow-on investments. This split reflects the firm's ambition to support the most promising startups beyond the seed stage, up to Series B rounds and later. According to Sohoni, the early-stage fund will invest roughly $1 million as a first check in about 100 to 120 startups, while Select will deploy between $3 million and $5 million per check for later rounds.
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U.S. expansion to bridge European startups with American markets
Seedcamp already has offices in New York City and Miami, but now plans to grow its team Stateside. The goal is to create a stronger connection between European startups and U.S. customers and investors. "We need to plug founders to nodes that are connective," said Reshma Sohoni. With Silicon Valley and San Francisco regaining their position as a global hub, Seedcamp aims to capitalize on this momentum. The firm will continue to be among the first investors in pre-product, pre-revenue, or even pre-traction startups, leveraging its extensive network of portfolio companies and limited partners for deal flow.
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Impressive track record: 12 unicorns and over 550 companies in portfolio
Seedcamp's model has proven successful: early bets include Revolut, UiPath, Wise, Hopin, Pleo, Synthesia, and Fluidstack. Today, the portfolio boasts over 550 companies, 12 of which have achieved unicorn status, with $1 billion in assets under management. Limited partners in Fund VII include British Business Bank, HarborVest, Schroders, Sofina, and 80 founders from the portfolio itself, who participated as angel investors. Seedcamp will continue to invest across sectors, avoiding capital-intensive startups such as mobility and marketplaces. As Sohoni explained, "We tend to avoid capital-intensive startups because funding working capital isn't a great model on day one."
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For those interested in the early-stage investment landscape, Seedcamp remains a benchmark. Entrepreneurs building their first website can explore platforms like Squarespace to quickly establish an online presence. For more background, the Wikipedia entry on Seedcamp offers additional details.
Source: https://techcrunch.com/2026/06/22/seedcamp-raises-320m-for-its-new-fund-to-expand-its-us-footprint
