Backed is a €50m community-driven seed stage VC fund, based in London.
In the two years since launching we have backed 25 rapidly scaling companies, building products loved by the millennial generation or solving deeply technical problems faced by the next generation. Over ninety percent of the companies we backed more than 9 months ago have already secured follow-on funding at an average valuation markup of 3x, raising from the best investors in Europe such as Index Ventures, and in the US such as Founders Fund.
As a team, we're united by an obsession with how disruptive technology companies can change the world for the better. Everything we do focuses on nurturing the potential in exceptional founding teams, supporting them every step of the way through the gnarly challenges of transforming their visions into legacy-defining businesses.
Backed is an ambitious startup itself. We move extremely fast, pushing the venture capital model to new horizons by productising seed-focused support initiatives and leveraging the generosity of our community. We pay very close attention to the needs of the teams we back, enabling us to design a user-centred support system which genuinely increases their chances of success.