London-based VC Seedcamp has launched another VC fund, Seedcamp Fund V – its biggest and most ambitious fund to date, claims the firm. This £78M (nearly €88M) fund will be used for pre-seed and seed-stage investments.
This 50% oversubscribed Fund V was backed by 80 of its founders and 100 LPs including British Patient Capital, Legal & General, TIFF, LGT, Vintage IP, Isomer Capital, OMERS. VC backers include Index, Sequoia, Underscore VC, Northzone, Atomico, and Draper Esprit. Angel backers include Taavet Hinrikus (TransferWise), Daniel Dines (UiPath), David Helgason (Nordic Makers/Unity), and Shakil Khan (Spotify).