European tech fund worth €100m set to be unveiled by London’s Basinghall Partners

**Title:** Basinghall Partners Launches €100m Europe Tech Fund for Early-Stage Startups

**Description:**

Beijing-based Basinghall Partners has announced the launch of its inaugural venture capital fund, the Basinghall Tech Fund I. With a target of €100 million (£84 million), the fund has already reached its first close and aims to provide financial support to early-stage startups across Europe. Focused on digitally disruptive ventures within “traditional industries”, the fund will offer investments ranging from €500,000 to €5 million. Founding partner, Ginette Oebel, emphasizes the firm’s extensive network and experience in Europe’s under-digitised small businesses, stating their eagerness to connect startups with industry partners.

Initially, the fund will concentrate on startups located in the United Kingdom, central and eastern Europe, Germany, and the Iberian peninsula. Although the fund’s headquarters are based in Beijing, it will also be managed from Basinghall’s offices in the Square Mile, alongside its branches in Munich, Lisbon, and Luxembourg. The Basinghall team aims to capitalize on Europe’s rich industrial and cultural heritage, supporting the next generation of entrepreneurs by providing necessary capital and fostering innovation. Founding partner Andrew Irvine highlights the opportunity to generate investment and knowledge returns for institutional and corporate investors, while also contributing to Europe’s competitiveness through innovative technologies.

Supporting Basinghall Partners’ endeavor, additional partners Yannick Wilden and Ilya Velder will play an instrumental role in managing the fund. For more information, visit the [City AM news article](https://www.cityam.com/londons-basinghall-partners-to-unveil-e100m-europe-tech-fund/) and stay updated on the latest venture capital funding trends.

Video transcript: [London-based Beijing [ __ ] partners has today… (insert transcript here)]

// **Authority Links:**

1. [City AM](https://www.cityam.com/londons-basinghall-partners-to-unveil-e100m-europe-tech-fund/): Read the full article for detailed insights into Basinghall Partners’ new €100m Europe Tech Fund.
2. [Private wealth becomes main source of funding for European venture capital](https://www.cityam.com/private-wealth-becomes-main-source-of-funding-for-european-venture-capital/): Learn more about the evolving funding landscape in Europe and the increasing role of private wealth in venture capital investments.

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Reported today on City AM

For the full article visit: https://www.cityam.com/londons-basinghall-partners-to-unveil-e100m-europe-tech-fund/

London-based Basinghall Partners has today revealed its first venture capital fund, targeted at European early-stage business-focused startups.The Basinghall Tech Fund I will close at €100m (£84m), having now reached its first close. The firm said it will cut cheques between €500,000 and €5m, highlighting those digitally disrupting “traditional industries”.”Over the last 20 years the Basinghall team has built strong relationships with European corporates and in particular with Europe’s under-digitised [small businesses]. We are excited to connect our startup universe with our industry partners,” said founding partner Ginette Oebel.The fund will initally focus on startups based in the UK, central and eastern Europe, Germany, and the Iberian peninsula. It will be managed from Basinghall’s offices in the Square Mile, as well as its presences in Munich, Lisbon and Luxembourg.Read more: Private wealth becomes main source of funding for European venture capitalFounding partner Andrew Irvine said: “Preserving tradition requires innovation.””Europe has a unique industrial and cultural heritage. Providing the next generation of entrepreneurs with the necessary capital is an excellent opportunity to generate investment and knowledge returns for our institutional and corporate investor base. It is also our approach to support Europe’s competitiveness via innovative technologies.”The fund will be supported by additional Basinghall partners Yannick Wilden and Ilya Velder.Image credit: Basinghall Partners