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.
Key facts
Recent exits
Coverage notes
3 funds tracked, 88 portfolio companies (70 active · 18 realized). Verified weekly from public filings and deal announcements.
Sector breakdown
88 companiesFunds & portfolio
Every fund BACKED VC has raised, with its portfolio companies. Hand-checked from public filings.
Backed Fund IIIVC2025 · 1yr€86M24 active
Unrealized
24 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Biotech |  UK | 2025 | |
| Fintech | Ghana | 2024 | |
| SaaS | UK | 2023 | |
| SaaS | UK | 2023 | |
| Biotech |  US | 2023 | |
| SaaS | UK | 2023 | |
| Industrials | UK | 2023 | |
| Biotech | UK | 2023 | |
| AI/ML | US | 2025 | |
| E-commerce |  France | 2023 | |
| AI/ML | US | 2026 | |
| AI/ML | US | 2025 | |
| LegalTech | UK | 2026 | |
| Fintech | UK | 2023 | |
| Biotech | US | 2026 | |
| Deep Tech | UK | 2025 | |
| Fintech | UK | 2025 | |
| Biotech | US | 2023 | |
| Biotech | US | 2023 | |
| Fintech | US | 2023 | |
| Fintech |  Switzerland | 2023 | |
| Fintech | UK | 2025 | |
| Fintech | Singapore | 2023 | |
| Fintech | US | 2023 |
UK· Entry 2025UK· Entry 2023UK· Entry 2023US· Entry 2023UK· Entry 2023UK· Entry 2023UK· Entry 2023US· Entry 2025France· Entry 2023US· Entry 2026US· Entry 2025UK· Entry 2026UK· Entry 2023US· Entry 2026UK· Entry 2025UK· Entry 2025US· Entry 2023US· Entry 2023US· Entry 2023Switzerland· Entry 2023UK· Entry 2025US· Entry 2023Backed Fund IIVC2022 · 4yr€150M32 active · 5 realized
Unrealized
32 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| SaaS |  Spain | 2021 | |
| Fintech | Singapore | 2022 | |
| Fintech | UK | 2022 | |
| Consumer | Slovenia | 2020 | |
| FoodTech | France | 2020 | |
| HealthTech | UK | 2021 | |
| Biotech | UK | 2022 | |
| AdTech | UK | 2020 | |
| HealthTech | UK | 2021 | |
| DevTools | US | 2021 | |
| Biotech | UK | 2019 | |
| Gaming | UK | 2022 | |
| FoodTech | UK | 2020 | |
| Gaming | Australia | 2020 | |
| Business Services | US | 2019 | |
| FoodTech | UK | 2020 | |
| Gaming | US | 2022 | |
| Fintech | UK | 2021 | |
| FoodTech |  Netherlands | 2019 | |
| Biotech |  Germany | 2021 | |
| Biotech | UK | 2021 | |
| Biotech | UK | 2020 | |
| Software | UK | 2020 | |
| Fintech | Netherlands | 2022 | |
| SaaS | UK | 2021 | |
| AgTech | UK | 2019 | |
| PropTech | UK | 2020 | |
| Fintech | UK | 2021 | |
| Consumer | UK | 2021 | |
| Gaming | Vietnam | 2021 | |
| Gaming | US | 2022 | |
| Gaming | UK | 2020 |
Spain· Entry 2021UK· Entry 2022France· Entry 2020UK· Entry 2021UK· Entry 2022UK· Entry 2020UK· Entry 2021US· Entry 2021UK· Entry 2019UK· Entry 2022UK· Entry 2020US· Entry 2019UK· Entry 2020US· Entry 2022UK· Entry 2021Netherlands· Entry 2019Germany· Entry 2021UK· Entry 2021UK· Entry 2020UK· Entry 2020Netherlands· Entry 2022UK· Entry 2021UK· Entry 2019UK· Entry 2020UK· Entry 2021UK· Entry 2021US· Entry 2022UK· Entry 2020Realized
5 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Consumer | UK | 2021 | 2023 | Trade Sale | – | ||
| IT Services | UK | 2019 | 2024 | Trade Sale | – | ||
| Fintech | UK | 2020 | 2023 | – | – | – | |
| Fintech | Germany | 2021 | 2025 | Trade Sale | – | ||
| Fintech | UK | 2022 | 2025 | Trade Sale | – |
UK· Entry 2020Backed Fund IVC2016 · 10yr€50M14 active · 13 realized
Unrealized
14 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Industrials | US | 2016 | |
| Fintech | UK | 2018 | |
| Industrials | UK | 2016 | |
| Software | US | 2015 | |
| SaaS | US | 2017 | |
| Industrials | UK | 2017 | |
| Industrials | UK | 2017 | |
| Data & Analytics | UK | 2018 | |
| Biotech | UK | 2017 | |
| LegalTech | UK | 2015 | |
| Financials | UK | 2015 | |
| Gaming | US | 2016 | |
| Business Services | France | 2016 | |
| Fintech | UK | 2016 |
US· Entry 2016UK· Entry 2018UK· Entry 2016US· Entry 2015US· Entry 2017UK· Entry 2017UK· Entry 2017UK· Entry 2018UK· Entry 2017UK· Entry 2015UK· Entry 2015US· Entry 2016France· Entry 2016UK· Entry 2016Realized
13 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Gaming |  Finland | 2016 | 2020 | – | – | – | |
| E-commerce | UK | 2015 | 2021 | Trade Sale | – | ||
| E-commerce | UK | 2016 | 2021 | Trade Sale | – | ||
| Data & Analytics | UK | 2017 | 2023 | – | – | – | |
| Consumer | US | 2018 | 2025 | Trade Sale | – | ||
| Gaming | UK | 2015 | 2019 | Trade Sale | – | ||
| Gaming | UK | 2017 | 2020 | Trade Sale | – | ||
| AI/ML | UK | 2015 | 2019 | Trade Sale | – | ||
| E-commerce | UK | 2016 | 2022 | – | – | – | |
| SaaS | UK | 2015 | 2025 | – | – | – | |
| EdTech | UK | 2015 | 2021 | – | – | – | |
| Software | UK | 2015 | 2024 | Trade Sale | – | ||
| SaaS | UK | 2015 | 2025 | Trade Sale | – |
Finland· Entry 2016UK· Entry 2017UK· Entry 2016UK· Entry 2015UK· Entry 2015Saved GPs appear in your watchlist, one click from your workspace.
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. Detailed buyer names and multiple data available on Pro at €29/month.
Investment team
Senior partners. Hand-checked from public filings and the firm's own site.
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