Company:Seedcamp

From HandWiki
Seedcamp
TypeLimited liability company
IndustryVenture capital
FoundedMay, 2007 (London, United Kingdom)
Headquarters72-74 Dean Street, Sohoworks – Seedcamp. London W1D 3SG, United Kingdom
Key people
Reshma Sohoni, Carlos Espinal
ProductsInvestments
Websitewww.seedcamp.com

Seedcamp is a European seed-stage venture capital fund, headquartered in London, launched in May 2007 by a group of 30 European investors.[1][2] The fund's Managing Partners are Reshma Sohoni and Carlos Espinal.[3][4]

As of August 2017, 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.[citation needed]

History

Seedcamp was originally created by Saul Klein and Reshma Sohoni.[5] Participating VCs and advisors in Seedcamp's launch included Index Ventures, Atomico Investments, Atlas Venture, Balderton Capital, TAG, Forsyth Group and Brown Rudnick.[6] Carlos Espinal joined as Partner in 2010.[7]

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[8] 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.[9]

In October 2017, Seedcamp announced the acquisition of its first two funds by public listed company, Draper Esprit.[10]

In November 2017, Seedcamp announced the first close of a £41M seed fund to invest in 100 new startups across Europe . 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} LPs from across the globe which includes Index Ventures, Atomico, Draper Esprit, ADV, Idinvest, Korelya, Speedinvest[citation needed] and big business such as Invest ntures and MassMutual Ventures, marking the US-based insurer's first investment in Europe.[citation needed] In 2023, Seedcamp announced the closing of its €166 million Fund VI, making it by far the company's largest fund to date.[11]

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.[12] 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”.[13]

Performance and notable exits

In October 2016, Seedcamp revealed it had returned its first fund almost 2x over.[14]

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”.[15]

In October 2017, Seedcamp Funds I & II were acquired by Draper Esprit for $26.3 million, delivering a reported 4x return to investors.[10][16][17]

Other notable exits include: Mobclix bought by Velti for $50M,[18] RentMineOnline bought by RealPage for $9.5M,[19] Crashpadder acquired by Airbnb,[20] and Talasim acquired by Jeeran.[21]

References

  1. ↑ "Europe's Seedcamp closes 4th fund at $81 million, partners with equity crowdfunding platform Seedrs" (in en-US). 2018-05-22. https://venturebeat.com/2018/05/22/europes-seedcamp-closes-4th-fund-at-81-million-partners-with-equity-crowdfunding-platform-seedrs/. 
  2. ↑ "Ten years on: Seedcamp outs new £41M seed fund and says it's ready to invest in tokens" (in en-US). 22 November 2017. https://techcrunch.com/2017/11/21/seedcamp-turns-10/. 
  3. ↑ Evans, Peter. "Q&A with angel investor Reshma Sohoni" (in en). The Times. ISSN 0140-0460. https://www.thetimes.com/article/q-a-with-angel-investor-reshma-sohoni-2xxjsz08p. 
  4. ↑ "Is it possible to balance working in VC and motherhood?" (in en-US). https://sifted.eu/articles/vc-motherhood/. 
  5. ↑ "Interview with Seedcamp founder Saul Klein". https://econsultancy.com/blog/1546-interview-with-seedcamp-founder-saul-klein/. Retrieved 2015-11-30. 
  6. ↑ Arrington, Michael (19 July 2007). "TechCrunch Partners With SeedCamp Europe". https://techcrunch.com/2007/07/19/techcrunch-partners-with-seedcamp-europe/. Retrieved 2015-11-30. 
  7. ↑ "Seedcamp gets serious". 16 September 2010. https://www.telegraph.co.uk/technology/8008678/Seedcamp-gets-serious.html. Retrieved 2015-11-30. 
  8. ↑ "Your First Round Fund". 20 September 2015. http://seedcamp.com/your-first-round-fund/. Retrieved 2015-11-30. 
  9. ↑ "Seedcamp Launches a Fund Focused on Helping Startups Achieve Longevity". 15 July 2014. https://thenextweb.com/eu/2014/07/15/seedcamp-launches-third-fund-time-wants-give-startups-shot-longevity/. Retrieved 2015-11-30. 
  10. ↑ 10.0 10.1 "Publicly-listed UK VC Draper Esprit acquires Seedcamp's Fund I & II for $23.6M" (in en-US). 25 October 2017. https://techcrunch.com/2017/10/25/publicly-listed-uk-vc-draper-esprit-acquires-seedcamps-fund-i-ii-for-23-6m/. 
  11. ↑ Marzo, Stefano De (2023-05-17). "Seedcamp closes its ambitious €166 million Fund VI, doubling the size of previous vehicle" (in en-US). https://www.eu-startups.com/2023/05/seedcamp-closes-its-ambitious-e166-million-fund-vi-doubling-the-size-of-previous-vehicle/. 
  12. ↑ "Seedsummit Brings Europe's Seed Investors Together for the First Time". Techcrunch. https://techcrunch.com/2009/12/12/seedsummit-brings-europes-seed-investors-together-for-the-first-time/. Retrieved 2012-08-26. 
  13. ↑ "In A Historic Move 15 European Investors Agree on Standard Term Sheet for Startups". Techcrunch. https://techcrunch.com/2011/07/06/in-a-historic-move-15-european-investors-agree-on-standard-term-sheet-for-startups/s. Retrieved 2012-08-28. 
  14. ↑ "Seedcamp's fund performance shows booming European start-up scene". https://www.ft.com/content/1b6e154e-8cad-11e6-8aa5-f79f5696c731. Retrieved 2017-08-10. 
  15. ↑ "Seedcamp sells part of its stake in European unicorn TransferWise". 31 January 2017. https://techcrunch.com/2017/01/31/seed-decamping-transferwise/. Retrieved 2017-08-10. 
  16. ↑ Konrad, Alex. "This Seed-Stage VC Founder Sold His Entire First Fund At A 4x Profit. Will Others Follow?" (in en). 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/. 
  17. ↑ "Draper Esprit acquires Seedcamp Funds I and II for €20 million" (in en-US). 25 October 2017. https://tech.eu/brief/draper-esprit-seedcamp-funds/. 
  18. ↑ "Mobclix Acquired by Mobile Marketing Company Velti". Techcrunch. https://techcrunch.com/2010/09/30/mobclix-acquired-by-mobile-marketing-company-velti/. Retrieved 2012-08-27. 
  19. ↑ "Realpage Acquires RentMineOnline". NASDAQ. http://www.nasdaq.com/article/realpage-acquires-rentmineonline-20120723-00686. Retrieved 2012-08-27. 
  20. ↑ "Airbnb Buys Crashpadder its Largest UK Competitor". CNET. http://news.cnet.com/8301-1023_3-57401284-93/airbnb-buys-crashpadder-its-largest-u.k-competitor/. Retrieved 2012-08-30. 
  21. ↑ "Jeeran Acquires Talasim". The National. http://www.thenational.ae/business/media/jeeran-acquires-talasim. Retrieved 2012-08-27. 



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