London venture capital firm launches $80m fund for seed-stage tech startups
A London-based venture capital firm has announced a new $80m investment fund for product-led founders across Europe.
Connect Ventures has launched the new fund with support from Top Tier Capital Partners, Isomer Capital, British Patient Capital, De Agostini, Big Society Capital, Draper Esprit and Korelya Capital.
Focused on seed-stage technology investments, the new fund has a pan-European remit and will deploy capital across all B2B and consumer software categories including SaaS, fintech, digital health and future of work.
Sitar Teli, co-founder and partner at Connect Ventures, commented: “We have a strong belief at Connect that product-led, software entrepreneurs are the ones who will transform the way we live and work on a massive scale.
“We’ve intentionally created a low volume, high conviction, high support investment firm to back these founders. That’s why we’ll be targeting the same curated number of seed investments with this fund, using the larger fund size to provide the right capital and support on our journey together.
“We’re interested in building long term relationships with founders who have the obsession and focus required to build product-led companies, and the ambition to build category leaders.”
Looking to promote your product/service to SME businesses in your region? Find out how Bdaily can help →
Enjoy the read? Get Bdaily delivered.
Sign up to receive our popular morning London email for free.