Seedcamp Raises $320 Million to Back Europe’s Next Generation of Global Tech Companies

Seedcamp, the London- and New York-based venture capital firm known for being the first institutional investor in companies such as Revolut, Wise, UiPath, Synthesia and Fluidstack, has raised $320 million across two new funds to support early-stage technology startups and continue backing its strongest portfolio companies as they scale.

The raise includes $220 million for Seedcamp VII, the firm’s flagship early-stage fund, and a $100 million Select fund designed to provide follow-on capital to high-performing portfolio companies through Series B rounds and beyond. The new funds mark another milestone for the European venture investor, which has built a reputation over nearly two decades for identifying founders at the earliest stages of company formation.

Founded in 2007 with an initial $2.5 million fund, Seedcamp has grown to manage more than $1 billion in assets under management. The firm said its Fund III has returned more than 13 times distributed paid-in capital (DPI) to limited partners, while Fund IV currently stands at more than 5 times net total value to paid-in capital (TVPI).

The latest fundraising comes as European startups increasingly launch with global ambitions from inception, particularly in sectors where artificial intelligence, robotics, advanced computing and scientific innovation intersect. Seedcamp plans to expand its support for founders building international businesses by strengthening its U.S. presence and deepening connections to customers, talent and capital markets on both sides of the Atlantic.

The firm describes this strategy as creating a “transatlantic bridge” for portfolio companies, helping founders access commercial opportunities, technical talent and investor networks needed to compete globally from their earliest stages.

Seedcamp has invested through multiple technology cycles since its launch and has backed more than 500 startups across Europe and other markets. Its portfolio includes several of Europe’s most successful technology companies, many of which were funded before their business models or categories gained broader market recognition.

Recent investments point to where the firm sees future opportunities. These include BioOrbit, a company focused on space manufacturing, Sunrise Robotics, which develops autonomous robotics technology, and Dust, an AI agent platform. The investments reflect growing interest in technologies that connect software and artificial intelligence with scientific research, industrial applications and physical-world infrastructure.

“The last 20 years of European tech created companies that proved Europe could win,” said Carlos Espinal, managing partner at Seedcamp. “The next 20 will create companies that define entire industries globally from day one. That shift is already happening, and our job is to back the founders building before everyone else sees it.”

Managing Partner Reshma Sohoni said founders increasingly seek experienced investors who can provide direct feedback and practical guidance as companies scale internationally. She noted that Seedcamp’s combination of early-stage capital and U.S.-based support is intended to help founders access key networks and decision-makers from the outset.

According to Partner Sia Houchangnia, founder ambition across Europe has evolved significantly in recent years. He pointed to entrepreneurs emerging from established technology hubs as well as newer innovation centers across the continent, including deep-tech spinouts and first-time founders pursuing global markets from launch.

Seedcamp’s investment model remains focused on serving as the first institutional investor in a startup and frequently leading its initial financing rounds. More than 80 founders previously backed by the firm have reinvested in Seedcamp funds, a dynamic the company says reflects the long-term relationships it builds with entrepreneurs.

Looking ahead, the firm believes the technology industry is entering a new phase shaped by advances in artificial intelligence and its integration with scientific discovery and physical-world systems. Partner Tom Wilson said many of the entrepreneurs building in those areas are emerging from Europe with international ambitions from the start, creating opportunities for investors willing to back companies before their markets become widely recognized.

With fresh capital, an expanded U.S. footprint and a track record that spans some of Europe’s most prominent technology success stories, Seedcamp is positioning Fund VII to continue identifying and supporting founders at the earliest stages of the next generation of global technology companies.