Seedcamp invested in Wise in 2011.
Seedcamp is a European seed-stage venture capital fund which was launched in London in 2007. Seedcamp has a successful track record of being the earliest backer of a number of leading companies such as Revolut, Wise, Hopin and UiPath. Seedcamp tend to have standard investment and legal terms for the pre-seed round and will follow the terms of lead investors at the seed round. Seedcamp will lead pre-seed investment rounds but will partner with other lead investors for seed rounds. Seedcamp tends to invest £300k in exchange for 6-7% at the pre-seed level and £500k at the seed level.
Founded in 2011 to solve the pain of sending money abroad, today over 11 million people now trust Wise to move more than £5 billion every month, which saves them £3 million in bank fees every day. Wise now has 17 offices and 2,800 employees around the world.
Seedcamp were impressed by Kristo and Taavet's compelling story telling, clear mission and genuine desire to transform the lives of their customers.
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