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London VC Basinghall Partners Announces $109m European Fund

December 9, 2019

London-based venture capital firm Basinghall Partners has announced its its first VC fund, aimed at early-stage startups across Europe.

The Basinghall Tech Fund, which totals $109 million, will invest between $550,000 and $5.5m into companies disrupting “traditional industries”.

Basinghall, which already has a strong imprint on the continent including offices in Lisbon, Munich and Luxembourg, focuses on verticals like IOT, AI, predictive analytics and blockchain. Upon closing its maiden fund, founding partner Andrew Irvine told London economic newspaper City A.M. that, “preserving tradition requires innovation.”

“Europe has a unique industrial and cultural heritage,” added Irvine. “Providing the next generation of entrepreneurs with the necessary capital is an excellent opportunity to generate investment and knowledge returns for our institutional and corporate investor base. It is also our approach to support Europe’s competitiveness via innovative technologies.”

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Filed Under: Europe, Top Story

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