Seedcamp is a European seed-stage venture capital fund headquartered in London, launched in May 2007 by a group of 30 European investors. The fund's Managing Partners are Reshma Sohoni and Carlos Espinal MBE. As of 2026, Seedcamp has a portfolio of over 550 companies, including Revolut, Wise, UiPath, Synthesia, Pleo, and Fluidstack. The firm invests primarily at pre-seed and seed stages, writing first cheques between $350,000 and $1 million, and is sector-agnostic within software and technology, with a focus on artificial intelligence, cybersecurity, open-source software, healthtech, and fintech.
Seedcamp's approach combines early-stage capital with a strong network of mentors and investors, aiming to support founders from inception through growth. Its AI-related portfolio includes companies such as Synthesia, a generative AI video platform, and Fluidstack, which provides AI infrastructure, reflecting the fund's strategic interest in artificial intelligence and related fields like machine learning and deep learning.
History
Seedcamp was originally created by Saul Klein and Reshma Sohoni. Participating VCs and advisors in Seedcamp's launch included Index Ventures, Atomico Investments, Atlas Venture, Balderton Capital, TAG, Forsyth Group, and Brown Rudnick. Carlos Espinal joined as Partner in 2010.
Seedcamp raised its first fund of €2.5 million in 2007, followed by a second fund of €5.2 million in 2010. In October 2017, both funds were acquired by publicly listed company Draper Esprit for £17.9 million (approximately $23.6M), delivering a reported 4x return to investors.
In 2014, Seedcamp closed Fund III at €20 million, enabling investments of up to €200,000 into rounds between €300,000 and €2 million. In November 2017, Seedcamp announced the first close of Fund IV at £41 million, backed by 60 corporates, venture capitalists, and fund of funds including Index Ventures, Atomico, and the UK government-backed British Business Bank. The fund reached a final close of £60 million in May 2018.
In November 2020, Seedcamp closed Fund V at £78 million, backed by investors including British Patient Capital, Legal & General, LGT, and OMERS. In May 2023, Seedcamp closed Fund VI at $180 million (approximately €166 million), backed by over 200 institutions, angels, and members of the Seedcamp Network, including LGT, Reference Capital, HarbourVest, and Legal & General. The fund was almost double the size of Fund V, making it the firm's largest to date.
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. 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".
Performance and notable exits
In October 2016, Seedcamp announced it had returned its first fund of €2.5 million at almost 2x to investors. In January 2017, Seedcamp sold a minority stake in portfolio company Wise (then TransferWise) in a secondary transaction, returning approximately 80 per cent of its second fund to investors. The deal was described at the time as one of the best European seed exits in recent years that was not an acquisition or IPO.
In October 2017, Seedcamp Funds I and II were acquired by Draper Esprit for £17.9 million (approximately $23.6 million), delivering a reported 4x return to investors. In April 2021, portfolio company UiPath listed on the New York Stock Exchange under the ticker symbol PATH, raising $1.34 billion in one of the largest software IPOs in history. In July 2021, portfolio company Wise listed on the London Stock Exchange via direct listing at a market capitalisation of approximately £8 billion ($11 billion), becoming the largest technology company to list in London at that time.
In November 2025, Lloyds Banking Group announced the acquisition of portfolio company Curve, a digital wallet provider, for a reported £120 million, with the deal expected to complete in the first half of 2026. Other notable exits include Mobclix bought by Velti for $50M, RentMineOnline bought by RealPage for $9.5M, Crashpadder acquired by Airbnb, and Talasim acquired by Jeeran.
Investment strategy and AI focus
Seedcamp's investment strategy is sector-agnostic within software and technology, but it has increasingly emphasised artificial intelligence as a key area. The fund supports startups building on large language models, transformers, and other generative AI technologies. Its portfolio includes companies like Synthesia, which uses AI to generate video content, and Fluidstack, which provides cloud infrastructure for AI workloads, often leveraging platforms such as Amazon Web Services and Google Cloud.
Seedcamp's network includes mentors and investors with expertise in AI, and it has backed founders who have gone on to work at major AI labs like OpenAI and Google DeepMind. The fund's focus on AI is part of a broader trend in European venture capital, where machine learning and deep learning startups are attracting significant investment.
Impact and legacy
Seedcamp has played a pivotal role in the European startup ecosystem, helping to cultivate a culture of early-stage investing. Its standard term sheet initiative through Seedsummit simplified the investment process for both founders and investors, reducing friction in seed rounds. The fund's successful exits, particularly Wise and UiPath, have demonstrated the potential of European startups to achieve global scale, inspiring a new generation of entrepreneurs and investors.
As of 2026, Seedcamp continues to be an active investor, with Fund VI providing capital for new investments in AI, cybersecurity, and other software sectors. The firm's long-term track record and extensive network position it as a key player in European venture capital, with a particular emphasis on supporting transformative technologies.