London capital firm launches unicorn-leader backed £83m startup fund

A London capital company has revealed a new £83m fund that is being backed by dozens of unicorn-business founders.

Firstminute Capital has today announced its multi-million pound fund to invest in startups across the US and Europe.

The fund has been backed by more than 70 founders of ‘unicorn’ business leaders, from companies including Google, Ocado and Wayfair.

Brent Hoberman, co-founder of Firstminute, commented: “European technology is reaching escape velocity, and it’s fantastic to enable so many global serial entrepreneurs to give their experience to the next generation.

“Seed venture investing is attracting ever higher quality backers which will help more founders succeed.”