London accounts for 68% of all UK pre-seed and seed deals. These 15 seed investors are actively writing first checks for London startups in 2026.
London's seed market is the deepest it has ever been. The median early-stage round hit $2M in 2025, up from $1.7M the year before. SEIS and EIS tax incentives make UK seed rounds structurally cheaper for investors.
Seed valuations in London have stabilized between £3M and £5M pre-money. Investors want to see stronger traction than in prior cycles - the bar has moved up across the board.
What gets funded: technical founders with clear product-market fit signals. Waitlists, LOIs, and pilot retention data open doors. Upload your materials to an Ellty data room before any outreach.
London's seed portfolio includes Synthesia ($4B), ElevenLabs ($11B), Wise, Revolut, and Depop. The best seed funds have multiple unicorns in their portfolios because they invest early and follow on aggressively.
| Stage | Check size | Sector focus | Website | |
|---|---|---|---|---|
| Seedcamp | Pre-seed to seed | £100K-£1M | SaaS, fintech, AI, marketplace | seedcamp.com |
| Concept Ventures | Pre-seed | $1M average | AI, deep tech, enterprise software | concept.vc |
| LocalGlobe | Pre-seed to seed | £200K-£2M | Consumer, marketplace, climate tech | localglobe.vc |
| Plural | Pre-seed to Series B | $1M-$15M | Enterprise, defence, sustainability | plural.vc |
| Passion Capital | Pre-seed to seed | £250K-£2M | Consumer, fintech, AI, enterprise | passioncapital.com |
| Stride VC | Seed | £250K-£1M | SaaS, enterprise, consumer tech | stride.vc |
| Moonfire Ventures | Pre-seed to seed | $500K-$2M | Fintech, gaming, security, work | moonfire.com |
| Antler | Pre-seed | £210K initial | All sectors, AI-focused | antler.co |
| Playfair Capital | Pre-seed to seed | £100K-£1M | AI, fintech, B2B SaaS | playfaircapital.com |
| Octopus Ventures | Seed to Series B | £1M-£10M+ | Consumer, health, deep tech | octopusventures.com |
| Entrepreneur First | Pre-seed | $250K for 9% | Deep tech, AI, hard problems | joinef.com |
| Founders Factory | Pre-seed to seed | £150K-£500K | AI, sustainability, health, fintech | foundersfactory.com |
| Hoxton Ventures | Seed to Series A | $500K-$5M | Enterprise, consumer, life sciences | hoxtonventures.com |
| Molten Ventures | Seed to Series B | £2M-£15M | Consumer tech, fintech, deep tech | moltenventures.com |
| Redrice Ventures | Seed | £500K-£3M | Consumer brands, sport, creative | redriceventures.com |
Build an Ellty data room. Track which London seed investors open it.
Start free 14-day trialA London seed investor writes the first institutional check into a startup, typically between £100K and £2M. They back technical founding teams with early product-market fit signals and take 10-25% equity.
Seed investors evaluate product traction, team domain expertise, and market size before anything else. Most London seed funds run application cycles or take referrals from trusted networks.
Check sizes range from £100K at Seedcamp to £15M at Plural. The median London seed round sits between £500K and £2M.
London's seed ecosystem has produced Synthesia ($4B valuation), ElevenLabs ($11B), Wise, and Revolut. Compare London angel investors for earlier-stage capital and London AI investors for sector-specific funds.
2025 was one of our biggest years and 2026 shows no signs of slowing down. Synthesia raised a $200M Series E at a $4B valuation, and spektr just closed a $20M Series A. Our portfolio keeps compounding.
Seedcamp has 492 portfolio companies, 6 unicorns, and a $180M Fund VI. They led Topograph's €2M seed and co-led Outpost Bio's $3.5M pre-seed in 2026. Their portfolio includes Wise, Revolut, UiPath, and Synthesia ($4B). They write £100K-£1M first checks.
Concept Ventures runs Europe's largest dedicated pre-seed fund at $88M. They backed ElevenLabs at pre-seed - now valued at $11B, giving them a 400x return. Fund I ranks in the top 1% of its vintage globally. Latest deal was Tattvam AI $1.7M pre-seed in February 2026.
LocalGlobe writes £200K-£2M first checks and made 25 investments in 2025. They co-led Anzen Industries' $2.2M pre-seed in January 2026. Portfolio company Human Native AI was acquired by Cloudflare in January 2026. They backed Depop ($1.2B exit), Zoopla, and Citymapper.
Plural closed a $432M second fund in January 2024 and has 38 portfolio companies with 11 new investments in the last 12 months. They led Augur's £11.3M seed in March 2026 - a sovereign AI platform for critical infrastructure. One unicorn (Helsing) in the portfolio.
Use Ellty to share your technical documentation with Plural's team. They evaluate deep technology depth before commercial metrics at seed.
Passion Capital closed a €46M fourth fund in April 2026 and made 10 investments in 2025. With 107 portfolio companies and 3 unicorns, they're one of London's most established seed funds. They back consumer, fintech, AI, and enterprise.
Use Ellty to track which London seed VCs review your data room.
Start free 14-day trialStride VC is a London seed-stage tech fund with 44 portfolio companies and 3 new investments in the last 12 months. They invested in Thema in February 2026. Backed by Molten Ventures, they write £250K-£1M first checks.
Moonfire Ventures backs pre-seed and seed companies from London. Their latest deal was Eunice's $8M seed in March 2026. They use technology to democratize VC access for European founders and invest $500K-$2M per company.
Antler invested £2.7M in 13 UK AI startups in April 2026. They've backed 146 UK firms since 2020 and provide £210K at inception (£125K for 8.5% equity plus a £85K convertible note). 80% of UK portfolio firms raise pre-seed within nine months.
Set up an Ellty data room with your product metrics before applying. Antler evaluates founding teams before product, but traction data accelerates decisions.
Playfair Capital writes £100K-£1M first checks at pre-seed and seed. They focus on AI, fintech, and B2B SaaS companies and have a strong network of operator angels who co-invest alongside their fund.
Octopus Ventures has sector teams covering consumer, health, fintech, deep tech, and climate. They made 18 investments in 2025 and 6 in early 2026. Portfolio company Graze was acquired by Katjes in December 2025. They write £1M-£10M+ from seed to Series B.
Upload your materials to Ellty before emailing Octopus. They assign sector partners, so know which team covers your space before reaching out.
Entrepreneur First offers $250K for roughly 9% equity and builds companies from scratch by matching technical founders. Their London cohorts have produced hundreds of companies. They focus on deep tech, AI, and hard technical problems.
Founders Factory is backed by L'Oreal, Aviva, and Guardian Media Group. They invest £150K-£500K at pre-seed alongside operational support and corporate distribution channels. Their venture studio model gives portfolio companies enterprise pilots.
Hoxton Ventures writes $500K-$5M first checks at seed and Series A. They backed Deliveroo and Darktrace. They made 5 investments in 2025 and one in early 2026 (Phagos). For consumer deals they want traction data; for enterprise they evaluate tech depth.
Molten Ventures is a London-listed VC trust investing seed to Series B. They back Stride VC as a seed fund strategy. Their latest deal was Hilo's $42M Series B in January 2026. They manage 117 portfolio companies with a VCT structure for EIS-eligible deals.
Redrice closed a £75M Fund II in February 2026 with £45M from the British Business Bank. They back seed-stage consumer brands at the intersection of creativity and commerce. Portfolio includes Castore (unicorn), Puresport, and By Rotation.
Pre-seed rounds in London typically run £100K-£500K at £1M-£3M pre-money valuations. Concept Ventures, Antler, and Entrepreneur First play here. Most pre-seed deals close on SAFEs or convertible notes.
Seed rounds run £500K-£2M at £3M-£5M pre-money. Seedcamp, LocalGlobe, and Passion Capital are the most active. Equity rounds with priced terms are standard at seed.
The line between pre-seed and seed has blurred. Some funds like Plural invest at both stages. Pick your target based on how much you're raising and how much dilution you'll accept. Read what documents go in a data room before reaching out to either.
Most London seed funds accept applications through their websites. Seedcamp and Antler run batch cycles. LocalGlobe and Passion Capital take warm referrals but also review cold submissions.
The strongest cold emails cover three things: what you're building, one traction metric, and your team's unfair advantage. No decks attached - link to your Ellty data room instead.
Warm intros still help at seed. Portfolio founder referrals carry more weight than LinkedIn connections. Ask existing founders in the fund's portfolio to intro you. Compare London fintech investors and London SaaS investors if your product sits in those verticals.
SEIS gives investors 50% income tax relief on up to £200K per year. EIS gives 30% with limits doubling from April 2026 to £10M annual and £24M lifetime. Both schemes make UK seed structurally attractive.
Nearly every London seed fund requires SEIS or EIS eligibility. Apply for Advance Assurance before fundraising. Without it, most institutional seed capital is off the table. Review due diligence for investors to understand what seed VCs check.
The tax structure means UK seed rounds offer better risk-adjusted returns than equivalent US rounds. That's why European seed funds increasingly concentrate on London. Compare London blockchain investors if you're building in crypto.
Five steps to close a seed round in London in 2026. These reflect how the best seed funds screen deals.
You have the list. Now prepare your data room. Seed VCs ask for product metrics and financials before any call.