VC firm Boost Capital Partners is launching an inaugural fund to back early-stage startups, with the first close standing at $30m (£23.5m).
It will make investments of up to $750,000 (£587,000) in pre-seed to seed startups and provide follow-on capital.
Target areas for the Boost Capital Partners’ fund are health, finance, wellness, entertainment, education and sustainability.
Boost Capital Partners’ portfolio so far contains the planning app Howbout, streaming software Volta, property sale service Pulppo, fitness app Krew, medical trial platform Stitch and gaming company Cosmic Lounge.
The London-headquartered investor was founded last year by Álvaro Álvarez del Río, formerly a partner at Swordfish Investments and Initial Capital.
As a partner at the two firms, Álvarez del Río was responsible for 80 investments, advising five businesses and a fund. He is an angel investor in Deliveroo and Zencargo.
Other partners at Boost Capital Partners are Pablo Morenés and Ignacio Monereo.
Prior to the Boost Capital, Morenés was a portfolio analyst at Algebris Investments, a Blackstone M&A associate and an investment banking analyst at Credit Suisse.
Monereo has previously held roles at Google and Meta.
On Monday, VC firm Brighteye Ventures closed €100m (£85.2m) for a European early-stage edtech fund to invest in startups at the seed and Series A stages.
The post Boost Capital Partners launches first fund with £24m close appeared first on UKTN | UK Tech News.
