Menu visibility control

Video

Events

Startup Surgery

Most Recent

Investments

HealthTech startup Your.MD raises $10m

Investments

Oxford University spin-out Diffblue closes $22m Series A

Accountancy

Startup Surgery: How long does it take to set up a limited company?

Press Releases

‘Connected finance’ app Curve hits £50m spend ahead of UK launch
“Coffee, networking and productivity”: Workspace disruptor ‘Lounge’ launches in London
Kompli-Global’s Technology Will Make Life Harder for Money Launderers

Firstminute Capital raises $60m to invest in European tech firms

First-Minute-LQ (1)
twitterlinkedinFacebookgoogle_plustwitterlinkedinFacebookgoogle_plus

New seed fund Firstminute Capital has raised $60m to back early-stage European technology entrepreneurs.

The London-based fund was created by Lastminute.com founder Brent Hoberman, and Spencer Crawley, formerly of AppDirect and Goldman Sachs.

Firstminute Capital is backed by VC Atomico plus 23 founders of billion-dollar tech businesses, and will look to invest between $250,000 and $750,000 in early-stage technology businesses across Europe.

A £4.67m VC round, Uber’s CEO steps down, Verizon acquires Yahoo, and more in The Week in Tech

The backers include the co-founders of tech firms such as Skype, Zoopla, King.com, Skyscanner, BlaBlaCar and Net-a-Porter. A number of strategic global family offices have also invested in the fund.

Hoberman, who is also executive chairman at the fund,said: “We believe that emerging European technology startups will continue to excite, and build on the momentum that has seen 47 unicorn companies built in Europe in the last 10 years.”

He went on to say Firstminute Capital hopes to provide help to the next generation of top entrepreneurs, “both with our reach and by giving them credibility and support”.

Niklas Zennström, partner and CEO at Atomico, said: “We share a firm belief in the future of Europe’s technology ecosystem so we’re excited to be part of this new fund as it backs Europe’s most promising early stage founders.”

Enter your email address to receive updates straight to your inbox

* indicates required
Send me news on...
twitterlinkedinFacebookgoogle_plustwitterlinkedinFacebookgoogle_plus

Editor's picks

Your.MD

HealthTech startup Your.MD raises $10m
posted 4 hours ago

oxford

Oxford University spin-out Diffblue closes $22m Series A
posted 5 hours ago

companies house

Startup Surgery: How long does it take to set up a limited company?
posted 6 hours ago

UK tech reacts to the arrival of the Fourth EU Money Laundering Directive
posted 20 hours ago

Inbound investment into UK tech ‘reaches 10 year high’
posted 21 hours ago

Starling Bank

Starling Bank expands to Ireland as it eyes Europe
posted on June 26, 2017