London – Seedcamp, a European seed funding and start-up
incubator, announced that it has raised $4 million in the first closing of its
second fund.

New investors Notion Capital, 360 Capital Partners, Team Europe,
Ahti Heinla and Lars Hinrichs joined previous investors Atlas Venture and Index
Ventures in contributing to the fund.

Seedcamp said this fund is already 50%
larger than the first fund it raised in 2007 — which invested in 22 companies.

The firm has already backed 11 companies out of its second fund, and plans to
triple that number over the next few years.

Seedcamp typically invests up to
$67,000 in a start-up, in exchange for 8-10% equity, and includes three months
of incubation in the deal.


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