Announcing Connect Ventures III

Posted: 25 Jun 2020

New Fund, Same Ambition

We’re thrilled to announce the final closing of our new $80M (£65M) fund to continue investing in the best seed stage, product-led founders across Europe. The fund may be new but our values and ambition remain the same. Since our first fund in 2012, we’ve continued to learn and hone our unique approach to seed investing in Europe: thesis-led, low volume, high conviction and high support.

Thesis-led: We lead seed rounds in purpose-led founders, obsessed with solving hard problems at scale, by creating products and companies that people love.

Low volume, high conviction: We invest in a relatively small number of founding teams each year; those that have the conviction, focus and commitment to put product and user experience at the centre of what they do. As part of fund III, we’ll welcome another 25–30 product-led companies to join our existing 50+ portfolio.

High support: We remain actively and enduringly connected to our portfolio companies, dedicated to helping the founders and companies we back to quickly transition from minimum-viable-product to product-market-fit and beyond. Our post-investment support ensures founders have the capital, knowledge and network to aggressively scale. To this end, we offer partner support at the board level, on a personal level, and through the Connect Portfolio Network. Our goal: help founders and their teams learn faster than the speed of their own experience, while safeguarding their wellbeing at the same time.

Our third fund was raised in partnership with new and existing LPs including Top Tier Capital Partners, Isomer Capital, British Patient Capital, Big Society Capital, and De Agostini, to name a few. We’re grateful for their trust and support and excited to pursue this next stage in our journey together.

We also need to give a shoutout to all our incredible founders (both old and new), who’ve invited us to be part of their journey. You guys are our heroes! Through the trials and triumphs, we’re constantly learning from you. We are inspired by your grit, creativity and sheer determination. Without you, Connect wouldn’t exist. In short, THANK YOU, we love you!

With Fund III, we’ll continue to seek out the biggest opportunities across all B2B and consumer software categories whilst doubling down on those we know best: SaaS, fintech, digital health and future of work. We’ve already announced some of our first investments from the fund (Bellman, Parentalist, Emma and Oyster) and we can’t wait to welcome many more. Whatever seed stage they’re in — pre-seed, seed, late seed, second seed, or mango seed — founders and teams in our portfolio can expect the best our experience, passion, and resources have to offer.

Let’s go!