At pre-seed we like to lead your round and will set the terms. We can bring in other angels at this stage if you need additional capital to get you off the ground. At seed stage, we look to another investor to lead the round and will naturally follow their terms.
We will lead your pre-seed round with investment of around £200K, usually in exchange for an ownership stake between 6% – 7%. Traditionally, these pre-seed rounds range in size from £400-750K.
When we participate in an active round led by another investor, we aim to participate in Seed rounds that are on average around £3M or less with an investment of up to £500K. At a stretch we may invest in a larger round but that’s more an exception to the rule.
We’ve broken down all the stages of our pre-seed investment process here so you can see exactly how it works. From initial submission, we’ll aim to get back to you within a couple of weeks if we are interested in taking you through to the next round of our investment process.
Arguably, Seedcamp has the best network and access to Angels and VCs in Europe and we are backed ourselves by tier 1 corporates, VCs, angels and funds of funds. At pre-seed we can help bring in other angels to anchor your round and at seed stage we invest as part of a syndicate alongside other leading angels and seed investors.
For pre-seed (where we usually lead the round), we like to use documents based largely on the standard Seedsummit terms that we helped co-ordinate with the help of many other investors in the eco-system. Please see here for an example of our current standard pre-seed investment document agreement. We’re comfortable using either a convertible or equity structure and work with the founders we invest in to figure out what’s best at the time we invest. For seed (where we co-invest), the terms of the round and legals are generally driven by the lead investor.
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