Backed VC, the London-based investment firm, has announced the launch of a new European-focussed fund. The €30m fund will target seed-stage companies across fintech, fashion, music, and gaming.
“We see ourselves as talent scouts, backing obsessive founders extremely early and specialising in addressing the pains they face at seeds”, says co-founder Andre De Haes. A former capital investor at Andreessen Horowitz and Index Ventures, De Haes has also outlined intentions to operate a ‘community driven’ fund. As such, Backed VC will share profits will anyone who refers a company the fund goes on to back.
Backed VC has already made investments into the UK startup scene. Ai music composer Jukedeck, knitwear designer Unmade, freelancer platform Lystable, and Tech Will Save us – the electronic kits manufacturer for kids.
The fund has also reserved an additional €10m for investors who ‘provide expertise to its portfolio companies’.