Early-stage mentoring and investment fund, Seedcamp, has recently moved from the West End to Tech City, bringing it closer to its target market of technology entrepreneurs and start-ups.
It can be hard for entrepreneurs to develop the right connections, gain validation in the business world, build teams of suitable talent and raise seed capital. Enter Seedcamp, an early-stage micro seed investment fund and mentoring programme, dedicated to jumpstarting the entrepreneurial community in Europe, by connecting developers and entrepreneurs.
“We offer entrepreneurs the support, investment, tools, and contacts they need to successfully turn a great idea into an awesome company,” says Reshma Sohoni, partner of Seedcamp. “Once an entrepreneur has had their light bulb moment, we look for them to demonstrate the potential for the idea, through a prototype, video or screenshot. Some teams even apply to Seedcamp having already achieved market traction and early revenue. We then invite applicants to attend our Mini Seedcamp events that take place globally throughout the year, and from there we select the winning companies that we want to invest in.
Since moving to Tech City, Seedcamp has worked closely with TCIO. In a joint initiative, TCIO recently shared footage from last year’s Seedcamp event on its site which generated a hugely positive response. TCIO and Seedcamp are also working together on bringing top seed investors from around the world to Tech City in August, to share dealflow, trends and encourage co-investment.
“Tech City really is the perfect location for us, offering good value for money and giving us access to the start-up ecosystem,” says Reshma. “It’s like a magnet, attracting visitors from around the world, including angel investors (high net worth individuals), Venture Capitalists, and corporates. These are people that we want to meet. Our presence there also gives the companies we invest in an avenue through which to tap into a network of like-minded people, share ideas and experiences. And the attention that Tech City gets raises the visibility of those based there, generating PR exposure that can be invaluable to a start-up.”
“Having our video content made available on the TCIO website gets our material out beyond our own networks, and we have had an excellent response from Tech City entrepreneurs,” says Reshma. “Collaborations like this and the event this summer promote the objectives that we share with TCIO, namely to support entrepreneurs. It’s important to continue the momentum already seen in Tech City, and we look forward to being a part of its on-going growth and success.”