Seedcamp eyes physical AI with $320M raise

Seedcamp squad

Image courtesy of Seedcamp

London-based first-check capitalist Seedcamp has raised $320 cardinal crossed 2 funds, its biggest rise yet, with carnal AI a cardinal absorption for the caller flagship vehicle.

Of the caller capital, $220 cardinal volition spell to its flagship vehicle, Seedcamp VII, which is much than 20% bigger than its predecessor, which closed connected $180 cardinal successful 2023.

The money aims to put successful astir 35 companies a twelvemonth with summons sizes up to $1.3 million. The steadfast volition chiefly pb rounds successful European startups and marque selective investments successful Israel and the US.

The remaining superior is allocated to its Seedcamp Nation II fund, which invests successful existing portfolio companies from Series B and beyond. Around 90% of investments volition beryllium sourced from Seedcamp's portfolio, and the money volition purpose to put an mean of betwixt $2 cardinal and $3 cardinal astatine Series B.

Having launched successful 2007 with a $2.5 cardinal fund, Seedcamp has been an aboriginal backer of immoderate of Europe's astir invaluable startups, including challenger slope Revolut and AI video startup Synthesia. The steadfast present manages much than $1 cardinal successful AUM and has returned implicit $300 cardinal to its LPs from its halfway strategy.

The caller money is generalist, but 1 notable country of absorption for the firm's partners is carnal AI.

Europe mostly missed retired connected the LLM boom, which has driven a fundraising betterment successful the US. Europe, connected the different hand, is suffering from a fundraising drought, which saw 2025 scope decennary lows.

European VCs person raised €7.8 cardinal (about $9 billion) crossed 75 funds this year, according to PitchBook data, an betterment from 2025, but inactive good beneath historical levels. A tighter exit marketplace is simply a cardinal contributing factor, preventing superior from being returned to LPs for reinvestment.

However, immoderate investors judge the adjacent question of accidental is successful carnal AI, an country wherever European deep-tech capabilities are much competitive. This is wherever Seedcamp hopes to deploy immoderate of its caller capital.

"If you deliberation astir wherever AI is astatine the moment, it's being applied incredibly good crossed words with LLMs, but we're inactive astatine the aboriginal innings of what that benignant of exertion tin bash erstwhile it touches the carnal world," Seedcamp spouse Tom Wilson told PitchBook News. "These are immense markets, and we're lone scratching the aboveground successful presumption of what has been built truthful far. The imaginable for some returns and humanity is extraordinary."

The steadfast has already begun investing successful the intersection of AI, subject and the carnal world. In April, Seedcamp invested successful the $13.2 cardinal effect circular of UK-based abstraction manufacturing startup BioOrbit. It besides counts Sunrise Robotics, an autonomous robotics developer, arsenic a portfolio company.