London-based Octopus Ventures holds first close of First Cheque II
By Kai Marek
Octopus Ventures announced the first close of its pre-seed fund First Cheque II on 5 November. The amount raised was not disclosed.
Octopus Ventures First Cheque II
London, United Kingdom
VC fund
Pre-Seed · AI, Health & Bio, Deep Tech, Fintech, Industrial Tech
London-based VC firm Octopus Ventures has announced the first closing of "First Cheque II". The second iteration of its fund focused on the pre-seed stage.
Regarding the fund's size, Octopus states that it is more than twice as large as its predecessor, "First Cheque I," which had a volume of £10 million.
"First Cheque II" provides founders in the UK and Europe with their first institutional capital at the pre-seed stage. Octopus identifies its key investment areas as AI, biotech and healthcare, deep tech, fintech, robotics, and technologies for the physical world. The available sources do not provide details regarding the size of individual investments (ticket size) or the composition of the investor base.