Hummingbird Ventures raises $95m fund to back UK tech start-ups

Normally backing businesses at seed and Series A stage, Hummingbird Ventures has previously invested in Startups 100-ranked Deliveroo

Venture capital firm Hummingbird Ventures has raised a new $95m fund to invest in UK tech start-ups.

Based in London and Belgium, a blog post from founding partner Vanden Brande seems to indicate the VC will use the new fund to back businesses in the e-commerce, gaming, SaaS and crypto markets.

Looking to inject anything between $500,000 and $5m per round, limited partners in the fund, which is called Hummingbird Ventures III, includes high-net-worth individuals, family offices and entrepreneurs from some of its portfolio companies.

Normally backing businesses at seed and Series A stage, Hummingbird Ventures has previously invested in Startups 100-ranked Deliveroo when it raised $100m back in November 2015. 

Deliveroo used the funding to launch in Dubai, Hong Kong, Singapore, Sydney and Melbourne.

Since 2010, Hummingbird Ventures has invested in 22 companies in over 10 countries including Belgium, Brazil, Germany, Greece, Turkey, UAE, UK and the US.

Vanden Brande, founding partner at Hummingbird Ventures, said:

“This summer, we set out to raise our third fund. In less than a month, we had €100m of commitments, double the size of our initial fund target of €50m.

“We did not rely on any special tax incentives or the EIF’s of the world.

“Our LP base consists of 100+ private investors including entrepreneurs who built $1bn+ tech companies, strategic family offices and entrepreneurs who we once backed at Seed stage.

“We are very grateful for our LP base’s continued support, jumping through all the hoops at such a short notice!”

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