Seedcamp raises $320M and builds out a transatlantic bridge

Seedcamp has spent nearly two decades writing the first cheque into companies before anyone else was sure they were worth one.

Revolut, Wise, UiPath, Synthesia, and Fluidstack all took early money from the London firm, and on Monday it said it had raised $320mn to keep doing the same thing for the next generation, with one notable addition: a bigger presence on the other side of the Atlantic.

The capital is split into two vehicles. A $220mn fund, the firm’s seventh, is the flagship first-cheque vehicle that backs founders at the very beginning, before the company or even the broad theme is obvious.

A separate $100mn Select fund is built to follow the winners as they scale, putting more money into the strongest portfolio companies through Series B and beyond.

The structure lets Seedcamp keep its early-stage disciplinewhile holding on to its best bets for longer, rather than watching...

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