Launched by Ophelia Brown in 2016, Blossom concentrates on early-stage investments in consumer and enterprise, particularly focusing on finance, design, marketplaces, travel, developer-focused tools, infrastructure, and API-first companies.
Recently, the London-based Blossom Capital has announced its second fund, $185 million (approx €167 million), to invest in early-stage European tech companies. The second fund comes less than 12 months since its first, and takes the total funds raised to $270 million (approx €243 million).
Since its launch, the company has invested in many of Europe’s fastest-growing and most innovative tech firms from payments unicorn Checkout.com, to travel visionary Duffel and cybersecurity platform Tines.
With this platform, Blossom Capital aims to partner with the best early-stage, industry-defining founders across Europe by offering a perfect balance of US network and operational expertise with local knowledge to tap into Europe’s unrivaled opportunity.
Blossom Capital partner, Imran Ghory, said:
When we looked at the data, it was very clear at the growth stage that, outside of Index and Accel, the most successful European outcomes were driven by the combination of European early-stage investors and top-tier US growth investors. From day one, we prioritised building those relationships, both to share knowledge but also provide a bridge for European founders to access the best growth capital as they scale.
With its second fund, the London-based VC is planning to partner with seed and Series A level with startups in the fintech, travel, DevOps, infrastructure, and cybersecurity sectors.
Founder Ophelia Brown commented:
The volume and quality of European startups are now five times what it was five years ago. The US funds have noticed this, and they are investing more frequently and with more capital in the very best European startups. Blossom Capital has established itself across Europe as the first choice for entrepreneurs in part because of our strong relationships with the US’s very best investors. Today we announce our second fund through which we will keep investing with conviction in European-founded companies that we know will one day operate successfully in global markets.
Louise Samet, the partner at Blossom Capital, said:
The beauty of investing in Europe is the sheer diversity of teams, cultures, and ideas often coming from new or unexpected places. Beyond the usual suspects – London, Paris, and Berlin – the likes of Munich and Hamburg are fast becoming hubs, while in the Nordics, we’re seeing founders emerging from the alumni of successful startups like Spotify and Klarna. Discovering founders solving some of society’s biggest problems wherever they are is a significant strength of Blossom Capital, and we’re poised to continue this with our second fund.
Main image credits: Blossom Capital
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