Concept Ventures Closes €75M Fund to Fuel European Pre-Seed Startups
Concept Ventures, a venture capital firm based in London, has announced the successful closure of its second fund, Fund II, at €75 million. This marks a significant milestone, establishing it as the largest dedicated pre-seed fund in Europe. The fund is strategically focused on providing crucial early-stage capital to innovative tech founders across the UK and Europe, empowering them to bring their ambitious ideas to fruition.
# Strong Investor Confidence in European Innovation
Fund II attracted substantial backing from a diverse group of investors. Notably, over 80% of the institutional capital originated from the U.S., indicating strong international confidence in the potential of Europe’s nascent tech ecosystem. The fund also saw remarkable support from within its own portfolio, with over 70% of Concept Ventures’ existing founders reinvesting as limited partners. Prominent institutional investors include Aldea Ventures, Top Tier Capital Partners, Marktlink Capital, Dominus, and Granite Capital Management. The impressive level of participation from U.S. investors highlights the growing global recognition of the opportunities present in Europe’s early-stage startup landscape.
With Fund II, Concept Ventures plans to invest in up to 50 startups, providing crucial resources and mentorship to help them scale and succeed. This commitment to early-stage funding plays a vital role in fostering innovation and driving economic growth across the region.
Keywords
Related Keywords: Concept Ventures, Preseed funding, European preseed fund, 75M fund, Venture capital, Earlystage investment, UK venture capital, European startups, Seed funding, Startup investment
