Blossom Capital closes $432M fund for Series A

Blossom Capital, which invests in Series A European entrepreneurs, has secured $432 million in its third fund from a mix of limited partners from Europe and the United States. Blossom claims that the $432 million fund is the largest to date focused on European businesses’ Series A rounds.

Last year, Balderton launched a $600 million deal for “early stage” investments, giving Blossom a claim to being the largest to focus solely on Series A.

Blossom, founded by Ophelia Brown, previously of Index Ventures and Local Globe, has grown in lockstep with the European startup scene.

If one of a venture capitalist’s strongest qualities is the ability to notice (and then fund) a trend early on, Blossom’s foresight in predicting how things would evolve for startups in Europe is a very strong vote of confidence.

“We launched back in 2018 thinking there was a gap in Series A funding,” Brown said. “Now we see that opportunity set growing each year, and not just in London, Paris and Berlin, but a lot of other cities in Europe.”