Today, we’re proud to share that we’ve closed Fund II - an $88M vehicle dedicated to backing Europe’s most ambitious founders at pre-seed.
This raise makes Concept the largest dedicated pre-seed fund in Europe. It’s a milestone that reflects not only the growing importance of pre-seed as its own asset class, but also the trust placed in us by our portfolio founders and global LP base.
We’re especially humbled that over 70% of our portfolio founders chose to back us as LPs in Fund II. From ElevenLabs’ co-founder Mati Staniszewski, to Amar Shah (Co-founder of Wayve), to Michele Attisani (Co-founder of FACEIT) - their decision to invest speaks volumes about the relationships we’ve built and the support we’ve worked hard to provide .
Our institutional backers also include TopTier Capital Partners, Marktlink Capital, Dominus, and Granite Capital Management - with 80% of institutional investors based in the US. This transatlantic vote of confidence strengthens our conviction that Europe’s next wave of global winners will be born at pre-seed.
Since launching our first institutional fund in 2022, we’ve backed over 44 companies. Standouts include:
To date, our Fund I companies have collectively raised over $450m, with 100% of those that went on to fundraise successfully closing their next rounds. Fund I now sits in the top 1% globally for its vintage.
At Concept, we believe pre-seed requires true specialists. Every member of our team comes from a non-VC background. That helps us spot talent others overlook, ask the unconventional questions, and lean into markets before they become crowded.
We’ve also “open-sourced” our fundraising process, so founders know what to expect. For 90% of the founders we back, we are their first VC conversation. That’s a responsibility we don’t take lightly.
With Fund II, we’ll back up to 50 companies across the UK and Europe and write cheques of up to $1.5M. We’re proudly sector-agnostic, but our focus is sharply on exceptional people with global ambitions.
Fund II isn’t just more capital - it’s a doubling down on the people-first approach that has defined Concept since day one.
We’re here to be the first “yes” for Europe’s most ambitious founders. If you have a concept and the conviction to take it all the way, our door is open.
