Seedcamp raises $320M to back Europe’s next-gen founders

Seedcamp has raised $320 million to invest in the next generation of global companies, following the success of past businesses including Revolut, Wise, UiPath, Synthesia, and Fluidstack. The new capital is split between a $220 million flagship early-stage vehicle, Seedcamp VII, and a $100 million “Select” fund reserved for follow-on investments in portfolio companies as they scale to Series B and beyond. The firm now manages over $1 billion in assets, having started in 2007 with a first fund of just $2.5 million.

The announcement marks a significant geographic pivot. Seedcamp is expanding its US presence with the explicit aim of becoming what it calls a “Transatlantic Bridge” – connecting European founders with American capital, talent, and customers from the earliest stages of company building.

Carlos Espinal, Managing Partner at Seedcamp, said: “The last 20 years of European tech created companies that proved Europe could win. 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.”

The firm’s track record gives it credibility to make that pitch. Fund III has returned more than 13 times its investors’ capital, and Fund VII sits at over five times net total value. Where Fund VII signals a shift is in thematic ambition. Recent bets include BioOrbit, a space manufacturing company; Sunrise Robotics, which is building autonomous robotics; and Dust, an AI agent platform – suggesting the firm is leaning into hardware, science, and the physical world alongside its traditional software focus.

Tom Wilson, Partner at Seedcamp, added: “We’re at the end of a 20 year software cycle and the beginning of a new technological paradigm where AI increasingly intersects with science and the physical world. What’s exciting is that many of the founders building in that next frontier are emerging from Europe with global ambition from day one. Seedcamp has spent nearly two decades backing founders before the company or category is obvious, and Fund VII is about continuing to support that next generation from the very beginning.”

The firm operates with a team of seven investment professionals, a deliberately lean structure that managing partners Reshma Sohoni and Carlos Espinal say enables a more hands-on, collective approach to portfolio support – in contrast to what they describe as the “lone wolf” model common elsewhere in venture.

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Seedcamp has now backed over 550 companies since its founding, with the new funds expected to continue its pace of roughly two to three dozen investments per year at the pre-seed and seed stages.