Venture capital firm to launch £50m fund to support UK tech startups

SuperSeed, a venture capital firm investing in the future of business automation, today announces it has completed the first closing of its new fund at £31m, targeting a final close of £50m.

The fund will invest between £500k and £1.5m into 30-35 UK based startups, and those looking to use the UK as a foothold for global expansion.

Business automation has become increasingly prominent in recent months with the advent of technologies such as 5G, quantum computing, AI, and the blockchain.

SuperSeed seeks to support startups which are riding this current wave of demand in their tentative first steps, thus contributing to the streamlining of many business processes.

Recent research from McKinsey shows that 66 per cent of large companies are piloting new automation processes, and WEF found that 80 per cent of business leaders are considering “speeding up” their automation processes following the pandemic.

Mads Jensen, founder and managing partner at SuperSeed, said: “Technological innovation is the foundation to unlocking human progress.

“In simple terms - tech will save us! But real tangible effect can only be achieved when it’s commercially viable and successfully deployed, in the hands of real users.

“At SuperSeed we play a highly active role helping early-stage founders create powerful go-to-market strategies.

“We provide best practice on how to build a successful B2B startup and work with founders to build out their team, craft processes, and truly accelerate the journey from Seed to Series A.”

Want your business, product or service to be seen regionally and nationally? Bdaily helps you get your story in front of the right audience, every day. Find out how Bdaily can help →

Join more than 55,000 subscribers by signing up to our daily bulletin each morning here.