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Seedcamp launches $320M Fund VII to boost US expansion

TechCrunch Venture •
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Seedcamp raised $320 million, its largest fund to date, and will use the capital to deepen its United States footprint and capture cross‑border deal flow. The vehicle, dubbed Fund VII, allocates $220 million to early‑stage deals while a new growth arm called Select receives $100 million for follow‑on investments. The move aims to position the firm as a bridge for European founders seeking American customers.

After 18 years backing European startups, Seedcamp now leverages offices in New York and Miami to connect its portfolio with Silicon Valley networks. The firm’s track record includes early stakes in Revolut, UiPath and Wise, yielding 12 unicorns and roughly $1 billion in assets under management. This strategy responds to the resurgence of Silicon Valley as a global funding hub.

Seedcamp plans to write roughly $1 million first checks into 100‑120 companies and stay on the cap table for later rounds, while Select will write $3‑5 million checks in Series B and beyond. LPs include the British Business Bank, HarbourVest, Schroders, Sofina and dozens of founder‑angel investors. By anchoring both seed and growth capital, Seedcamp can sustain momentum across multiple financing rounds.