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Smedvig Ventures is a venture capital firm established in 2015 and headquartered in London, United Kingdom. As the venture capital arm of the Smedvig Family Office, it focuses on investing in early-stage technology companies across Europe. The firm has a long-term investment strategy that emphasizes supporting entrepreneurs in their growth journey, particularly in sectors such as B2B technology, digital health, fintech, and cybersecurity.
Currently, Smedvig Ventures manages approximately €115 million in assets under management (AUM) and has invested in over 70 companies since its inception. The firm operates primarily in the United Kingdom and Europe, leveraging the resources and expertise of the Smedvig Family Office to provide strategic guidance and support to its portfolio companies. Notable milestones include successful exits, such as that of Captify, which underscores the firm’s capability to support companies through significant growth phases.
Smedvig Ventures invests primarily in early-stage technology companies, targeting sectors such as B2B SaaS, digital health, fintech, and cybersecurity. The firm typically participates in funding rounds at the pre-seed, seed, seed-plus, and Series A stages, with check sizes ranging from €4 million to €8 million. They are willing to invest in rounds of up to €20 million, focusing on companies that demonstrate strong potential for growth and innovation.
The firm seeks to partner with entrepreneurs who are developing solutions that address real-world challenges, particularly in B2B contexts. Smedvig Ventures looks for companies with an annual recurring revenue (ARR) of €750,000 or more, indicating a level of market validation. Their investment thesis reflects a commitment to providing not just capital, but also strategic support to help portfolio companies navigate growth challenges and achieve significant milestones.
Smedvig Ventures has built a diverse portfolio of over 70 companies, focusing on sectors such as B2B SaaS, digital health, fintech, and cybersecurity. Notable portfolio companies include:
This diverse portfolio reflects Smedvig Ventures' commitment to supporting innovative companies across various technology sectors.
Gintautas Miliauskas: Co-Founder & CEO of Mavenoid, Gintautas has a strong background in technology and entrepreneurship, leading Mavenoid to success in the customer support solutions space.
Doug: Co-Founder & CEO of Adzuna, Doug has extensive experience in the job search engine market, driving innovation and growth within the company.
Christoph: Co-Founder & CEO of Semble, Christoph brings expertise in software-enabled services, focusing on delivering value to clients through technology.
Gautam: Founder & CEO of The Smart Cube, Gautam has a background in research and analytics, providing strategic insights to businesses across various sectors.
Neil: Co-Founder & NED of Lunio, Neil has a wealth of experience in digital marketing solutions, contributing to the growth of Lunio in the B2B space.
Shane: Co-Founder & CEO of EdgeTier, Shane specializes in AI-driven customer service solutions, enhancing the customer experience through technology.
To pitch Smedvig Ventures, founders should utilize the contact email hello@smedvig.vc or visit their website at smedvig.vc. A detailed pitch deck is essential, including information on the business model, market opportunity, competitive landscape, and team background. Smedvig Ventures appreciates well-structured presentations that clearly articulate the startup's vision and growth potential.
Response times may vary, but founders can expect to hear back within a few weeks. Warm introductions are preferred, as they can facilitate a more favorable review process.
In July 2024, Smedvig Ventures co-led a £7.7 million Series A investment in CultureAI, a company focused on human risk management and cybersecurity awareness.
Recently, Smedvig Ventures also invested in Healthily, a digital health self-care app that has gained significant traction among users.
Additionally, the firm participated in funding for Antidote, a digital health platform that matches patients with clinical research opportunities, alongside co-investors Amadeus Capital Partners and Octopus Investments.
In the fintech sector, Smedvig Ventures has backed Profile Pensions, a company providing pensions advice in the UK.
What are Smedvig Ventures' investment criteria?
Smedvig Ventures primarily invests in early-stage technology companies, focusing on sectors such as B2B SaaS, digital health, fintech, and cybersecurity. They target companies at the pre-seed, seed, seed-plus, and Series A stages, with a preference for those demonstrating an annual recurring revenue (ARR) of €750,000 or more.
How can I apply or pitch to Smedvig Ventures?
Founders can pitch to Smedvig Ventures by visiting their website at smedvig.vc or by emailing them directly at hello@smedvig.vc. It is advisable to include a detailed pitch deck that outlines the business model, market opportunity, and team background.
What makes Smedvig Ventures different from other investors?
Smedvig Ventures differentiates itself through its long-term investment approach, leveraging the resources and expertise of the Smedvig Family Office. This allows them to provide not only capital but also strategic guidance and support to help portfolio companies navigate growth challenges.
What is the geographic scope of Smedvig Ventures' investments?
The firm primarily invests in early-stage technology companies across Europe, with a strong emphasis on the United Kingdom. Their portfolio reflects a pan-European focus, targeting innovative companies in various technology sectors.
What is the typical check size for investments?
Smedvig Ventures typically invests between €4 million and €8 million per round, with the ability to participate in rounds of up to €20 million. This allows them to support companies through multiple stages of growth.
What is Smedvig Ventures' post-investment involvement like?
The firm is known for its patient, long-term capital approach, providing ongoing support and strategic guidance to portfolio companies. They work closely with founders to help them achieve their business goals and navigate challenges.
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