In order to firmly back promising digital startups in making their first steps to success, Seeder Fund launched a seed fund. A fund built by a team with experience in entrepreneurship, investment, and VC – given a real wealth of knowledge behind the venture.
As an established player in the subject market, notably since 2016, it has deployed its fund to support several digital superstars that include Dog Chef, Keyrock, ProUnity, Hello Customer, MyskillCamp, Urbantz, Next Gate Tech, WeGroup, and Levenue.
According to a source familiar with the matter, which cited that the funding company after funding 40 startups has collectively secured more than €120 million, and the company is raising the second fund. The fund, which is believed will in no time hit €30 million will be used to back an additional 50 digital startups over the next 5 years. However, the latest launch confirms the commitment of the subject company to investing in early-stage startups, which implies helping innovators make those crucial initial steps.
‘Pierre-François Hellebuyck’, partner at Seeder Fund noted: “After having supported 40 startups with our first fund, we are launching our second investment fund. We aim for a total fund size of EUR 30 million, fully dedicated to digital startups. With Seeder II we have the ambition to invest in more than 50, mainly Belgium, startups in the next 5 years”.
The subject investment company is one that is fully dedicated to the challenges of seed capital, with a swift decision-making process, individual support coupled with significant investment capacity for subsequent financing rounds. As it continues to double down as one of the most successful seed funds in the EU, the company prioritized personalized support and consumption on achieving key milestones, with the fund enhancing its success, which is seen as almost 30% of the portfolio company’s further capital to accelerate their growth.
It’s understood that the relevance of the investment model by Seeder Fund which includes its impact on the Belgium ecosystem has proven itself. While it’s also important to note that a number of players such as Belfius Insurance including private investors with a strong entrepreneurial spirit are getting into the adventure, not to exclude the main historical shareholders – like the fund managers, Sambrinvest, SFPI, ULB, and a group of private investors that are present in Seeder I.
In the meantime, the company will continue to invest primarily in Belgium as it seeks to expand into neighboring markets, notably the Netherlands, Luxembourg, and France.
Equally, in an attempt to accelerate the first round of funding of promising startups, which implies providing a significant part of the initial budget that startups require while allowing for a swift decision-making process, the company added bonus of having higher average investment amounts – the first ticket of €100k – €250k in seed and up to €5000 for startups. However, it aims to follow the different funding rounds of startups with an average investment capacity of about €1.5 million per startup.
The news also follows the arrival of ‘Isabelle Tennstedt’ to the management team, a senior investment manager at PMV.
While the three investments are expected to be made public in no time – in sectors such as telecommunications, mobility, and hospitality – the number of investments should double by the end of the summer.
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