BACKED VC
BACKED VC is a London-based seed venture capital firm founded in 2016 by Andre de Haes and Alex Brunicki, investing in European frontier technology founders across AI-native therapeutics, blockchain and banking infrastructure, and manufacturing automation. The firm operates through BACKED LLP, registered in the UK. It has raised three funds totalling around EUR 286 million: Fund I in 2016 (EUR 50 million), Fund II in 2022 (EUR 150 million, split into Backed Core 2 and Backed Encore 1) and Fund III in 2025 (EUR 86 million hard cap, USD 100 million). Fund III closed in November 2025 alongside the firm's 100th investment milestone.
BACKED VC is a London venture capital firm with €286M AUM, 73 active companies and 20 exits.
- ·16 exits in the last 5 years · consistent DPI cadence.
- ·Average hold across 20 realized deals: 5 years.
- ·Fund cadence: ~5Y between vintages · last raise 2025.
Sector breakdown
93 companiesGeography breakdown
14 geographiesKey facts
Recent exits
Coverage notes
3 funds tracked, 93 portfolio companies (73 active · 20 realized). Verified weekly from public filings and deal announcements.
Investment team
Senior partners. Hand-checked from public filings and the firm's own site.
Funds & portfolio
Every fund BACKED VC has raised, with its portfolio companies. Hand-checked from public filings.
Backed Fund IIIVC2025€86M26 assetsVC2025 · 1yr€86M26–
Unrealized
26 held| Company | Entry |
|---|---|
| Aerska Biotech · UK | 2025 |
| Affinity Bank Fintech · Ghana | 2024 |
| Borderless SaaS · UK | 2023 |
| Cloud Capital SaaS · UK | 2023 |
| Cytosolix Biotech · US | 2023 |
| Dirac Software SaaS · UK | 2023 |
| Entropy Industrial Capital Industrials · UK | 2023 |
| Etheros Biotech · UK | 2023 |
| General Intuition AI/ML · US | 2025 |
| Getjust E-commerce · France | 2023 |
| GingerControl AI/ML · US | 2026 |
| Infinity Constellation AI/ML · US | 2025 |
| Keith LegalTech · UK | 2026 |
| Magnify Fintech · UK | 2023 |
| Novogaia Biotech · US | 2026 |
| OLIX Deep Tech · UK | 2025 |
| Pump Up USA | 2025 |
| Round Treasury Fintech · UK | 2025 |
| Sensible Bio Biotech · US | 2023 |
| Serna Bio Biotech · US | 2023 |
| Smart Transactions Fintech · US | 2023 |
| Telemachus UK | 2026 |
| Travizory Cybersecurity · Switzerland | 2023 |
| Vuelo Fintech · UK | 2025 |
| YieldNest Fintech · Singapore | 2023 |
| Zero Gravity Fintech · US | 2023 |
Backed Fund IIVC2022€150M31 assets6 exitsVC2022 · 4yr€150M316
Unrealized
31 held| Company | Entry |
|---|---|
| Amenitiz SaaS · Spain | 2021 |
| Auctor Fintech · Singapore | 2022 |
| BCB Group Fintech · UK | 2022 |
| Bird Buddy Consumer · Slovenia | 2020 |
| CALA FoodTech · France | 2020 |
| CoMind MedTech · UK | 2021 |
| CoSyne Therapeutics Biotech · UK | 2022 |
| Dataseat AdTech · UK | 2020 |
| Dermie AI HealthTech · UK | 2021 |
| DXOS DevTools · US | 2021 |
| FabricNano Biotech · UK | 2019 |
| Footium Gaming · UK | 2022 |
| Hoxton Farms FoodTech · UK | 2020 |
| Immutable Gaming · Australia | 2020 |
| Invisible Technologies Business Services · US | 2019 |
| Jelly FoodTech · UK | 2020 |
| Laguna Games Gaming · US | 2022 |
| Lopay Fintech · UK | 2021 |
| Meatable FoodTech · Netherlands | 2019 |
| Molecule Biotech · Germany | 2021 |
| Nuntius Therapeutics Biotech · UK | 2021 |
| Ochre-Bio Biotech · UK | 2020 |
| Octeract Software · UK | 2020 |
| Peony SaaS · UK | 2021 |
| Phytoform Labs AgTech · UK | 2019 |
| Rentify PropTech · UK | 2020 |
| Reya Fintech · UK | 2021 |
| RUKA Hair Consumer · UK | 2021 |
| Sky Mavis Gaming · Vietnam | 2021 |
| StarDust Gaming · US | 2022 |
| unrd Gaming · UK | 2020 |
Realized
6 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Afrocenchix Consumer · UK | 2021 | 2023 | Trade Sale | M & M Products Ltd | – |
| Foundries.io DevTools · UK | 2019 | 2024 | Trade Sale | Qualcomm | – |
| Fygo Fintech · UK | 2020 | 2023 | – | – | – |
| Iron Bank Fintech · Germany | 2021 | 2025 | Trade Sale | MoonPay | – |
| Onramper Fintech · Netherlands | 2022 | 2024 | Trade Sale | MoonPay | – |
| Pillar Fintech · UK | 2022 | 2025 | Trade Sale | LemFi | – |
Backed Fund IVC2016€50M16 assets14 exitsVC2016 · 10yr€50M1614
Unrealized
16 held| Company | Entry |
|---|---|
| Andium Industrials · US | 2016 |
| CloudNC Industrials · UK | 2016 |
| Dispatchr Software · US | 2015 |
| EnterpriseAlumni SaaS · US | 2017 |
| Flexciton Software · UK | 2017 |
| Flow Engineering Industrials · UK | 2017 |
| Harbr Data & Analytics · UK | 2018 |
| LabGenius Biotech · UK | 2017 |
| Legl LegalTech · UK | 2015 |
| Libertus Capital Fintech · UK | 2015 |
| Medal Gaming · US | 2016 |
| Optimal AgTech · UK | 2017 |
| The Family Business Services · France | 2016 |
| THIS FoodTech · UK | 2020 |
| Those Beyond UK | 2021 |
| Thought Machine Fintech · UK | 2016 |
Realized
14 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Armada Interactive Gaming · Finland | 2016 | 2020 | – | – | – |
| Banked Fintech · UK | 2018 | 2026 | Trade Sale | National Australia Bank (NAB) | – |
| Bidvine E-commerce · UK | 2015 | 2021 | Trade Sale | Bark | – |
| Boiler Room E-commerce · UK | 2016 | 2021 | Trade Sale | DICE | – |
| Datapane Data & Analytics · UK | 2017 | 2023 | – | – | – |
| Garten Consumer · US | 2018 | 2025 | Trade Sale | HUNGRY | – |
| GumBug Gaming · UK | 2015 | 2019 | Trade Sale | Voodoo | – |
| Hutch Gaming · UK | 2017 | 2020 | Trade Sale | Modern Times Group | – |
| Jukedeck AI/ML · UK | 2015 | 2019 | Trade Sale | ByteDance | – |
| Pollen Mobility · UK | 2016 | 2022 | – | – | – |
| Polywork (Kalo) SaaS · UK | 2015 | 2025 | – | – | – |
| Technology Will Save Us EdTech · UK | 2015 | 2021 | – | – | – |
| Unmade Software · UK | 2015 | 2024 | Trade Sale | Hi-Tech Apparel | – |
| Zaptic SaaS · UK | 2015 | 2025 | Trade Sale | Intellect | – |
About BACKED VC
Backed VC is a frontier-tech seed venture capital specialist with approximately $130 million of cumulative assets under management as of December 2024, headquartered in London. The firm was founded in 2015 by Andre de Haes and Alex Brunicki to address a gap in early-stage European frontier-tech investing, operating as a partner-owned independent VC. Backed reached its 100th investment milestone in November 2025.
Investment thesis
Backed VC deploys capital through approximately three funds (Backed 1 €30 million 2015, Backed 2, Backed 3), targeting pre-seed and seed lead investments with a human-centric relationship-driven model and cheques of $500k-$5 million. Sector focus spans AI-native therapeutics, blockchain and banking infrastructure, manufacturing automation, frontier deeptech and fintech. Geographic deployment is Europe (pan-European founders with global ambitions). The platform backs generation-defining European founders with a founder-aligned community model.
Recent activity
Recent realised exits include a portfolio secondary sale (2025, partial liquidity event funding Fund III). As a minority seed VC, Backed makes investments rather than acquisitions, with active 2024-2025 seed deployment across deeptech. The platform continues active deployment across the European frontier-tech seed mandate.
Frequently asked questions
- What investment strategy does BACKED VC focus on?
- BACKED VC focuses on VC strategies in the private equity space.
- How many portfolio companies does BACKED VC have?
- BACKED VC has 73 active portfolio companies and 20 completed exits and 3 funds tracked on GP Intel.
- Where is BACKED VC headquartered?
- BACKED VC is headquartered in London, United Kingdom.
- What is BACKED VC's assets under management?
- BACKED VC manages approximately €286M in assets under management.
- When was BACKED VC founded?
- BACKED VC was founded in 2016.
- What sectors does BACKED VC invest in?
- BACKED VC invests across TMT, Healthcare, Industrials.
- What are BACKED VC's recent exits?
- Recent realized exits by BACKED VC include: Banked (2026) to National Australia Bank (NAB); Iron Bank (2025) to MoonPay; Pillar (2025) to LemFi; Garten (2025) to HUNGRY; Zaptic (2025) to Intellect; Foundries.io (2024) to Qualcomm; Onramper (2024) to MoonPay; UNMADE (2024) to Hi-Tech Apparel.
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