Seedcamp, a UK-based fund and competition for technology start-ups in Europe, has raised €2m ($2.6m) for its second fund from limited partners including the corporate venturing units of publishers Reed Elsevier and Bertelsmann.
The latest capital raising effort follows €3m in commitments last year to the second fund and Seedcamp typically take 8% to 10% in start-ups in return for €50,000.
Seedcamp has also struck partnerships with 500 Startups, a US start-up incubator, and AngelList, a network that connects angel investors with budding entrepreneurs.
It is also set to launch an experts in residence programme to match start-ups with relevant advisers, including from its 34 corporate sponsors, such as Facebook and Google.
In its statement, Seedcamp said: "We continue to operate like a start-up – think like one, behave like one and want to stay like one but to do all this we need to be supported by visionary investors and advisors ourselves – so we would like to announce further fundraising into Seedcamp
"Raised an additional €2m – fund now 2x first one and represents best local investors in all key geographies, top founders, angels etc
"Advisory board – stars in key areas (policy, m&a, US etc) to push us, help us and support our long term goals."
Seedcamp said since September 2010 it had invested in 29 start-ups and some of the newest investors were:
ACT Venture Capital Limited – based in Dublin, they invest primarily in Ireland and UK and have backed businesses like Alpha.Mosaic, Corvil, Qumas
Bertelsmann Digital Media Investments – based in Germany and NYC, they are a strategic venture investor and have backed companies like Mojiva, Trion, BuyVIP, Dealunited,
GIMV – they are Belgium’s leading private and venture investor and have backed companies like eBuzzing. Private Outlet, and previously in Live Person
Reed Elsevier Ventures – based in London they are the corporate VC arm of Reed Elsevier. They’ve backed companies like Babylon, Palantir, and GigaOm
Samos – based in London they invest across technology and non-technology sectors. They backed the awesome Ocado
Estag Capital – based in Germany they are seed and early stage investors who’ve backed companies like SponsorPay, Paper C. and iFix
HENQ – based in Amsterdam they have invested in companies like MADS, Mendix, Myngle, Seoshop, Videostrip
Anil Hansjee – based in London, he invests as an individual. Anil was previously at Google
John Pfeffer – based in London, he invests as an individual. John was previously at KKR.
Seedcamp said its existing investors were:
360 Capital Partners – they have offices in Paris and Milan and have been early backers of public companies like QXL, Ricardo and Yoox
Anthemis Group – specializing in disruptive financial services tech companies; backed hotshot Weatherbill and our own companies Hooplo and Finance A Car
Atlas Venture – based in Boston and the Valley they are active in US and Europe backing disruptors like Seatwave, Zoopla, and Priceminister
DN Capital – based in London and the Valley, they are investors in Shazam, Mister Spex and previously in Datanomic and OLX
Eden Ventures – based in London they are investors in companies like Huddle, borro,We7, and our own Ubervu, Zemanta, and Basekit
Index Ventures – based in London, Geneva, and the Valley they were investors in Playfish, Skype, mySQL, and now in our own EDITD and ERPLY plus the uber-useful Dropbox
NESTA – based in London with a mission to make the UK more innovative, they invest in businesses, work on policy, and run programmes throughout the year. They’ve invested in Skimlinks, Basekit, Light Blue Optics and others
Ahti Heinla – based in Estonia, he invests as an individual and through Ambient Sound Investments. Ahti was the lead technical architect at Skype
Charlotte Street Capital (Anton Wellenreiter, Bo Pedersen, Thomas Jones) – based in London, they invest as individuals and as newly as a group. Their experience spans entrepreneurship and private equity
Cinco Capital Gmbh – based in Hamburg, they invest across Europe, particularly in Germany. Lars is a founder of Xing.
Forsyth Group – executive search firm based in London they work with clients like Zecco, Colibria, EQO, and many others
James Bilefeld – based in London, he invests as an individual. James runs Digital at Conde Nast and is a successful entrepreneur
Notion Capital – based in London and NYC they are MessageLabs founders turned investors. They have backed companies like Tradeshift, Zattikka, and eSellerPro.
Principals in Point Nine Capital – based in Berlin, they are a group of successful entrepreneurs who have backed companies like Zendesk, babyboom, and SponsorPay
Sanjeev Shah – based in London, he invests as an individual
The Accelerator Group (TAG) – based in London, they invest in internet, ecommerce, and digial media companies like Songkick, Wonga, Mind Candy, and bit.ly
Venrex – based in London, they invest particularly in the UK in the ecommerce sector and have backed companies like Astley Clarke, ly.st, Chilango, and lovely
NobleMacMillan
Seedcamp’s advisory board is:
Anil Hansjee – Angel investor. Advisor to VCs. M&A with Google previously
Bindi Karia – VC and Emerging Business Lead at Microsoft. Worked in both Startup and VC in previous life
Bryce Roberts – investor with OATV and an active blogger
Christian Hernandez – Director of Platform Partnerships at Facebook
David Clark – Vencap, leading LP across several VC funds
Dave McClure – Founding Partner at 500 Startups
David Muir – AT No 10 previously. Angel investor
David Yu – CEO of Betfair. Angel investor
Gustav Soderstrom – Head of Product at Spotify
Henri Moissinac – Head of Mobile at Facebook
Ian Hogarth – Founder of Songkick
Jason Ball – Corporate VC at Qualcomm
Jeff Clavier – Managing Partner of SoftTech VC
Jason Goodman – Founder of creative agency, Albion
Sherry Coutu – Angel investor, individually and through Cambridge Angels
Sten Tamkivi – Veteran leader at Skype. Advisor to Estonian President. Angel investor
Thai Tran – Founder of Lightbox
Tina Baker – Legal at Brown Rudnick