Backed VC Closes $100 Million Seed Fund to Invest in Europe's Generational Founders with Global Ambitions

Backed VC, a London-based venture capital fund, led by Andre de Haes, Alex Brunicki, Tom Hopkins, Clare Hunter, and others, has closed its third fund, Backed 3, at its $100 million cap, alongside making its 100th investment. 

Backed partners with outlier founders building generational frontier technology companies rooted in fundamental technological or conceptual breakthroughs.

After two high-performing funds, including a top-decile first fund, Backed is expanding with Backed 3, a larger fund with a stronger U.S. presence and a global events strategy. Nearly half the capital comes from leading institutional investors like Isomer Capital and Wunderland Capital, alongside 50+ founders and family offices.

Backed 3 will focus on frontier tech, AI-native therapeutics, blockchain and banking infrastructure, and manufacturing automation, and has already re-invested in six top founders. Backed previously partnered with companies such as Invisible Technologies, Thought Machine, and Flow Engineering, which recently secured $20M–$150M follow-on rounds from top U.S. firms, including Sequoia and Khosla.

Backed has reached 100 pre-seed and seed investments, with five portfolio companies now valued over $1B and eighteen surpassing $100M. The firm maintains a 90% follow-on rate from seed, with startups advancing through new rounds, profitability, or acquisitions.

Since 2016, Backed has stood out by blending venture capital with community building, running 40 global events annually that connect over 4,000 founders and investors. At Slush next week, Backed will host six events for 2,000 guests.