Smedvig Ventures logo

Smedvig Ventures

Europe, England, United Kingdom, London

Description

Smedvig Ventures is a prominent London-based venture capital firm with a long-standing history of investing in ambitious, fast-growing technology companies across Europe. Established in 1996, the firm has evolved from a family office into a dedicated venture capital fund, maintaining a commitment to long-term partnerships and providing more than just capital. Their approach emphasizes active support and strategic guidance to help portfolio companies navigate growth challenges and scale effectively.

The firm primarily focuses on Series A and Series B funding rounds, targeting companies that have demonstrated early traction and are poised for significant expansion. Smedvig Ventures is sector-agnostic but shows a clear interest in disruptive technologies across various verticals, including the Future of Work, Future of Commerce, Future of Finance, Future of Health, Future of Industry, and Future of Infrastructure. They seek out innovative business models, strong management teams, and scalable solutions that address large market opportunities. Their investment philosophy is rooted in building enduring relationships and leveraging their deep operational expertise to support founders throughout their growth journey.

Smedvig Ventures typically deploys initial investments ranging from £2 million to £20 million, which translates to approximately $2.54 million to $25.4 million USD based on current exchange rates. Over its history, the firm has invested over £700 million (approximately $889 million USD) across numerous companies, demonstrating a significant and sustained presence in the European tech ecosystem. Their current fund, Smedvig Ventures IV, closed at £100 million (around $127 million USD), providing ample capital to continue backing promising startups. This substantial fund size allows them to lead rounds and provide follow-on capital as their portfolio companies achieve milestones.

Investor Profile

Smedvig Ventures has backed more than 77 startups, with 3 new investments in the last 12 months alone. The firm has led 46 rounds, about 60% of its total and boasts 15 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series A, Series B, Series Unknown rounds (top funding stages).
  • Majority of deals are located in United Kingdom, United States, Sweden.
  • Strong thematic focus on Software, Information Technology, Enterprise Software.
  • Led 3 rounds in the past year.
  • Typical check size: $2.5M – $25.4M.

Stage Focus

  • Series A (42%)
  • Series B (25%)
  • Series Unknown (13%)
  • Series C (12%)
  • Seed (5%)
  • Private Equity (3%)
  • Series D (1%)

Country Focus

  • United Kingdom (69%)
  • United States (9%)
  • Sweden (8%)
  • The Netherlands (5%)
  • Norway (4%)
  • Romania (1%)
  • Ireland (1%)
  • Luxembourg (1%)
  • Austria (1%)

Industry Focus

  • Software
  • Information Technology
  • Enterprise Software
  • Artificial Intelligence (Ai)
  • Advertising
  • Analytics
  • Saas
  • Marketing
  • Hospitality
  • Health Care
circle-line
FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Smedvig Ventures frequently co-invest with?

24 Haymarket
Europe, England, United Kingdom, London
Co-Investments: 2
NordicNinja VC
Europe, England, United Kingdom, London
Co-Investments: 2
Creandum
Europe, Stockholms Lan, Sweden, Stockholm
Co-Investments: 4
Merck Global Health Innovation Fund
North America, New Jersey, United States, Whitehouse Station
Co-Investments: 2
Octopus Ventures
Europe, England, United Kingdom, London
Co-Investments: 3
ABB Technology Ventures
Europe, Zurich, Switzerland, Zürich
Co-Investments: 2
Liberty Global Ventures
North America, Colorado, United States, Englewood
Co-Investments: 2
Point Nine
Europe, Berlin, Germany, Berlin
Co-Investments: 2
Passion Capital
Europe, England, United Kingdom, London
Co-Investments: 2
Mosaic Ventures
Europe, England, United Kingdom, London
Co-Investments: 2

Which angels does Smedvig Ventures often collaborate with?

KT
North America, California, United States, San Francisco
Shared Deals: 1
David Cantu
North America, Texas, United States, Austin
Shared Deals: 1
LG
Europe, Stockholms Lan, Sweden, Stockholm
Shared Deals: 1
AE
North America, California, United States, San Francisco
Shared Deals: 1
JY
North America, California, United States, San Francisco
Shared Deals: 1
MR
North America, New York, United States, New York
Shared Deals: 1
DH
Europe, England, United Kingdom, London
Shared Deals: 1
AR
Europe, Stockholms Lan, Sweden, Stockholm
Shared Deals: 1
EB
Europe, Stockholms Lan, Sweden, Stockholm
Shared Deals: 1
GH
Europe, England, United Kingdom, London
Shared Deals: 1

What are some of recent deals done by Smedvig Ventures?

Chatlyn

Vienna, Wien, Austria

Chatlyn is a software development company that specializes in automating client communication processes like inquiry handling and targeting.

Ad TargetingArtificial Intelligence (AI)Business IntelligenceCustomer ServiceData Center AutomationEnterprise SoftwareInformation and Communications Technology (ICT)Marketing AutomationSales Automation
Series AJun 25, 2025
Amount Raised: $9,299,719
MarketLeap

Luxembourg, Luxembourg, Luxembourg

The first complete AI-driven platform that empowers D2C sellers to scale effortlessly across global marketplaces.

Artificial Intelligence (AI)E-CommerceSoftware
Series AFeb 12, 2025
Amount Raised: $8,000,000
Glint Solar

Oslo, Oslo, Norway

Glint Solar provides software for identifying and analyzing solar project sites.

Artificial Intelligence (AI)Renewable EnergySoftware
Series ANov 7, 2024
Amount Raised: $8,000,000
CultureAI

Manchester, Manchester, United Kingdom

CultureAI is a human risk management platform that helps to identify workforce security risks and coach employees.

Cyber SecurityInformation TechnologySecuritySoftware
Series AJul 17, 2024
Amount Raised: $10,000,000
Lunio

Manchester, Manchester, United Kingdom

Lunio surgically removes IVT, bots, and invalid users from all the paid acquisition efforts.

AdvertisingDigital MarketingFraud DetectionMarketingSoftware
Series UnknownJul 1, 2024
Minut

Malmö, Skane Lan, Sweden

Minut is a computer software company that specializes in product design, hardware, electronics, software, IoT, and smart home.

Internet of ThingsSecuritySmart Home
Series BDec 7, 2023
Amount Raised: $5,000,000
DRUID

Bucharest, Bucuresti, Romania

DRUID is a conversational AI platform for enterprise companies that allows easy development of intelligent virtual assistants.

Artificial Intelligence (AI)Enterprise SoftwareInformation TechnologyMachine LearningSoftwareVirtual Workforce
Series BSep 12, 2023
Amount Raised: $30,000,000
EdgeTier

Dublin, Dublin, Ireland

Human-Centric Artificial Intelligence

AnalyticsArtificial Intelligence (AI)Information TechnologyMachine LearningSoftware
Series AJun 12, 2023
Amount Raised: $6,457,515
Lunio

Manchester, Manchester, United Kingdom

Lunio surgically removes IVT, bots, and invalid users from all the paid acquisition efforts.

AdvertisingDigital MarketingFraud DetectionMarketingSoftware
Series ASep 29, 2022
Amount Raised: $15,640,169
Healthily

London, England, United Kingdom

Healthily is the world’s first medically approved self-care app designed around you.

Artificial Intelligence (AI)Assistive TechnologyHealth CareHealth DiagnosticsInformation TechnologymHealthPersonal Health
Series UnknownSep 7, 2022
Amount Raised: $20,000,000