British enterprise agency Backed VC has closed its third fund, Backed 3, at its €86 million ($100 million) cap, alongside making its a centesimal funding, with a purpose to broaden its deal with frontier applied sciences – together with AI-native therapeutics, blockchain infrastructure and manufacturing automation.
Near 50% of Backed 3 was dedicated from 10 institutional Fund of Funds, with new traders resembling Isomer Capital and Wunderland Capital. Backed 3 additionally now counts over 50 household places of work and entrepreneurs as traders, together with founders from Backed’s current portfolio.
Andre de Haes, co-founder at Backed mentioned: “Backed companions with founders striving to construct the primary trillion greenback European companies, in areas the place most don’t dare to construct. Over the past decade, we have now constructed a neighborhood of people who’ve the audacity to tackle firms like Nvidia, Google and Goldman Sachs. Their boldness has led to their success. It has created a fly wheel, the place our founders at the moment are investing as LPs again into our new fund.”
In 2025, the European FrontierTech and early-stage enterprise capital panorama has seen a marked enhance in new fund exercise, reflecting sustained investor confidence in AI, automation and DeepTech sectors.
French corporations have been particularly energetic — Ventech closed its sixth fund at €175 million, aiming to help round 35 early-stage firms throughout Europe, whereas Serena accomplished the primary closing of its fourth fund at €200 million, with a deal with utilized AI and the power transition. Within the UK, Evantic Capital debuted a €341 million fund to again B2B AI startups throughout Europe, the US and Israel. Germany’s Could Ventures launched with greater than €30 million to spend money on early-stage AI startups within the DACH area, and Barcelona-based Masia got down to deploy €20 million throughout frontier-tech ventures.
Collectively, these 2025 bulletins account for roughly €766 million in new European fund commitments.
In opposition to this backdrop, Backed VC’s €86 million Fund III represents a targeted continuation of the UK’s contribution to Europe’s DeepTech ecosystem. Whereas smaller than a number of the continental autos, Backed’s emphasis on AI-native therapeutics, blockchain infrastructure and manufacturing automation positions it inside a specialised section of the broader surge in frontier-technology funding.
Alex Brunicki, Co-Founder at Backed mentioned: “I’m impressed by the distinctive expertise rising in Europe at a time of unprecedented technical alternative, and energised by the search to seek out these with genuine international ambitions. We need to again generational European founders constructing firms that may stand the check of time and who’re selecting to construct their companies the place they’re most primed for achievement, not for comfort.”
Since its inception in 2016, Backed says they’ve differentiated themselves by working on the intersection of enterprise capital and occasions to assemble the entrepreneurial neighborhood. Backed runs an in depth VC occasion programme globally, with 40 occasions per 12 months, internet hosting over 4000 founders and traders.
Throughout Slush subsequent week, Backed will host six separate occasions for 2000 friends.
The agency partnered early on with the founders of firms resembling Invisible Applied sciences, Thought Machine, Basic Instinct and Circulate Engineering – all of which have raised $20-150 million follow-on funding rounds within the final quarter from Tier 1 US corporations together with Sequoia, Basic Catalyst, Greycroft and Khosla.
Chris Wade, Co-Founder at Isomer Capital, mentioned:“We’re excited to affix Backed Ventures Fund III and their spectacular journey of investing in world-class founders who’re creating the subsequent technology of world firms. Crew Isomer gained conviction on account of prior funds’ efficiency and an precise demonstration of an LP partnership in agency improvement and co-investments.”
Following two high-performing first funds – Backed’s first fund is a high decile fund and returned an additional 35% of capital to traders in October 2025 – Backed is scaling its ambition with Backed 3 with a bigger fund, elevated presence within the US and an expanded international occasions technique.
Backed 3 will deal with three areas of frontier tech, wherein Backed has beforehand seeded unicorns: AI-native therapeutics, blockchain and banking infrastructure and manufacturing automation. This fund has already re-invested in 6 of its strongest founders from earlier funds Backed leads pre-seed or seed stage rounds with investments between €431k ($500k) and €4.3 million ($5 million).
Lukas Bennemann, Founding Accomplice at Wunderland Capital, added: “We’re delighted to affix the Backed VC story in Fund III and help the group as a part of the LPAC. Backed has constructed an distinctive fame amongst founders and has matured impressively, exhibiting a repeatable edge on the intersection of technical and scientific breakthroughs. The group genuinely radiates one thing particular — they join with founders on a deeper degree, which actually issues within the extremely aggressive seed panorama.
“You may inform who a ‘Backed Founder’ is, exhibiting clearly the tradition and focus of the group. Their relentless drive to attain the most effective outcomes continues to make them stand out within the European VC panorama.”
Backed at the moment are at a landmark 100 pre-Seed or Seed investments, of which 5 firms have already achieved unicorn standing with valuations above $1 billion and eighteen have reached an enterprise worth of over $100 million.
Backed additionally has a 90% funding follow-on charge from Seed, measured by the businesses closing a subsequent funding spherical, turning into worthwhile or being acquired.
Pim de Witte, CEO at Basic Instinct: “Alex was actually the primary to imagine and Backed supported us from the very begin of our journey by way of some very tough moments. They’re relentless in help of founders and struggle when it issues most. It’s truthful to say, Basic Instinct won’t exist with out them. They’re world-class, early-stage traders.”
