Hoxton Ventures brings the heat with new $215 million fund

Well surpassing an initial target of $150 million, London's Hoxton Ventures returns for round three, reloaded with $215 million and bringing previously Silicon Valley-based investor Charles Seely to the table as full partner.
Hoxton Ventures brings the heat with new $215 million fund

Oversubscribed by a robust $75 million, London’s Hoxton Ventures has announced its newest go around at $215 million. The third fund will be used to carry on Hoxton’s mission of supporting European startups that intend on expanding in the U.S. market via pre-see and seed-stage investments, with ticket sizes usually ranging between $500,000 and $5 million, a figure the firm now wants to up.

Crossing the Atlantic and establishing Hoxton Ventures in London in 2013, the Hussein Kanji and Rob Kniaz founded firm has made 63 investments to date, 19 of which arrive via this new fund. Amongst the portfolio, Hoxton counts four investments that are now valued at north of a billion dollars, an aggregate portfolio valued at over $47 billion, and three of its first fund portfolio companies, Deliveroo, Darktrace, and Babylon Health, going public last year. 

We don't make bets. We make commitments. - Hoxton Ventures Philosophy

“This is our largest fund yet and a reflection of the emergence of Europe as a growth market for tech startups,” commented Kanji. “When we founded Hoxton eight years ago, there was doubt that Europe could produce winning tech companies. Last year, Europe attracted more capital than China with $116 billion invested, up from $8 billion a decade ago. There are great companies being built in Europe, and we’re proud to be one of the earliest American VCs to spot this opportunity.” 

In tandem with the announcement of a reloading of the Cholula bottle, Hoxton officially welcomes a new partner to the kitchen in Charles Seely. Seely most recently served as an advisor to Cambridge Quantum, during the merger with Honeywell Quantum Solutions to form Quantinuum.

The Seely connection arrives via a co-led $6 million seed investment in UK grocery delivery company, Bother.

“We look for companies that have the ambition to scale globally, not just locally,” said Seely. “Our goal is to be the first and best partner for European founders with the ambition to scale. I spent most of my life building and investing in companies at a seed stage, and look forward to using my connections in the U.S. to help our portfolio expand outside of the European market.”

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