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7percent Ventures

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Overview

Who we arePre/Seed ex-founder led VC, backing moonshot ambitious 🚀 frontier tech & transformative startups changing the way our world works for the better. 🇬🇧🇺🇸🇪🇺
Value addWe're ex Founders. We understand the pain. We understand how to build. We understand the risks. We also have a huge network in the ecosystem from decades of operating in technology; our Partners are CoFounders of www.theicelist.com and www.allocate.gp.

We back deeptech hardware or truly transformative software early, which will change the world.
Firm typeVC
Global HQ

207 Regent Street, London, United Kingdom

San Francisco, USA

Lisbon, Portugal

Branch office #1San Francisco, USA
Branch office #2Lisbon, Portugal
Branch office #3
Branch office #4
Branch office #5

Thesis

Funding requirementsWe invest in the following sectors and stages.

SECTORS

We are geography agnostic with a bias toward UK/Europe/US, and our sector choice is fluid in order to respond to market changes. Areas of interest include: Frontier Deep-tech, where one of the core challenges is technical and often the market is early or nascent; e.g. AI and Deep Learning Quantum Computing Computer Vision, AR and VR Blockchain and Crypto Drones, Robotics Space-Tech Transformative Known technical solutions (SaaS platforms, marketplaces, mobile apps etc) applied to laggard markets; e.g. Fintech and next generation Business and Consumer apps/services Manufacturing, Logistics and the 4th Industrial Revolution Technology Platforms Health-tech and Death-tech The above lists are not exhaustive.

STAGE

We love investing super early, our sweet spot is first or second money-in. Unlike some other investors we don’t just say we invest early stage we actually do it – check our portfolio. Early stage is a broad label; specifically for us it includes: Conceptual – Seed/Pre-Seed rounds (concept/lean testing phase, BETA users/customers, no revenue). Pre-Revenue – Seed/Angel rounds (early traction and growth trajectory with users, may have some revenue). Growth – Seed+/Bridge and Series A (sustained record of growth among users, revenue and markets, looking to expand/scale).

INVESTMENT SIZE

Between $75k USD (£50k) and $1m (£800k), depending on stage; with an average first investment of $250k (£200k). This can be on our own but is more often alongside other angel investors or early stage founder-friendly VCs we know and trust. Building a great startup is incredibly hard; we support Founders with our 7EVN advisor network but also believe having a collective of great early stage investors is to everyone’s advantage.

WHAT WE DON’T INVEST IN

We will not invest in any business –however good it might be — which is not a billion dollar opportunity. See above for our definition of this. We also don’t invest in areas we do not understand or where we cannot add value; FMCG and retail goods would be a good example of this.
Funding stages2. Prototype3. Early Revenue
First cheque$50k to $2M
Target countries USA Albania Andorra Austria Belarus Belgium Bosnia-H Bulgaria Croatia Cyprus Czech Republic Denmark Estonia Finland France Georgia Germany Greece Holy See Hungary Iceland Ireland Italy Latvia Liechtenstein Lithuania Luxembourg Malta Moldova Monaco Montenegro Netherlands North Macedonia Norway Poland Portugal Romania San Marino Serbia Slovakia Slovenia Spain Sweden Switzerland UK Ukraine

Team

Andrew J Scott
GP/MD
I invest in frontier technology including deeptech and software startups which transform laggard markets.

Portfolio

This fund does not have a portfolio on OpenVC yet

Settings

How to get in touch Online form
Default email or URL to receive deal flow
CRM
Linkedinhttps://www.linkedin.com/company/7pcventures/
Twitter@7pcventures
Websitehttp://www.7percent.vc

Are you sure you fit this fund's criteria ?

We invest in the following sectors and stages. SECTORS We are geography agnostic with a bias toward UK/Europe/US, and our sector choice is fluid in order to respond to market changes. Areas of interest include: Frontier Deep-tech, where one of the core challenges is technical and often the market is early or nascent; e.g. AI and Deep Learning Quantum Computing Computer Vision, AR and VR Blockchain and Crypto Drones, Robotics Space-Tech Transformative Known technical solutions (SaaS platforms, marketplaces, mobile apps etc) applied to laggard markets; e.g. Fintech and next generation Business and Consumer apps/services Manufacturing, Logistics and the 4th Industrial Revolution Technology Platforms Health-tech and Death-tech The above lists are not exhaustive. STAGE We love investing super early, our sweet spot is first or second money-in. Unlike some other investors we don’t just say we invest early stage we actually do it – check our portfolio. Early stage is a broad label; specifically for us it includes: Conceptual – Seed/Pre-Seed rounds (concept/lean testing phase, BETA users/customers, no revenue). Pre-Revenue – Seed/Angel rounds (early traction and growth trajectory with users, may have some revenue). Growth – Seed+/Bridge and Series A (sustained record of growth among users, revenue and markets, looking to expand/scale). INVESTMENT SIZE Between $75k USD (£50k) and $1m (£800k), depending on stage; with an average first investment of $250k (£200k). This can be on our own but is more often alongside other angel investors or early stage founder-friendly VCs we know and trust. Building a great startup is incredibly hard; we support Founders with our 7EVN advisor network but also believe having a collective of great early stage investors is to everyone’s advantage. WHAT WE DON’T INVEST IN We will not invest in any business –however good it might be — which is not a billion dollar opportunity. See above for our definition of this. We also don’t invest in areas we do not understand or where we cannot add value; FMCG and retail goods would be a good example of this.

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