Published: November 13, 2025 at 11:05 am
Backed VC has closed its new fund at around £75m to invest in seed stage companies across Europe, especially those looking to expand in the US.
It is the third fund from the London-based VC which has backed five unicorns to date. Over almost a decade, Backed has invested in over 100 companies that are taking on firms like Nvidia and Google.
The fund works with founders at the very onset of their journey, partnering at the idea stage with companies like Thought Machine, Invisible Technologies, General Intuition, and Flow Engineering, all of which have recently raised follow-on rounds from Tier 1 US funds, such as Sequoia, Khosla, and General Catalyst.