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June 20, 2023

Boost Capital Partners Launches $40M Fund for Startups

London-Based VC Firm Led by Former Supercell Backer, Alvaro Alvarez del Rio, Raises $30M in First Fund Close

London-based venture capital firm, Boost Capital Partners, led by Alvaro Alvarez del Rio, announces the successful first close of its debut fund at $30 million, with a goal of reaching $40 million. As a former partner at Supercell backer Initial Capital and an early angel investor in Deliveroo, Alvarez del Rio brings valuable experience and expertise to the new early-stage investment firm.

Boost Capital Partners, a forward-thinking venture capital firm based in London, has set its sights on empowering 35-40 promising startups in the pre-seed and seed-stage phases over the next three years. With an unwavering dedication to enhancing user experience, their support will span across dynamic sectors such as health, education, sustainability, entertainment, and finance. The initial investments are set to soar up to $750,000, providing a solid foundation for growth, while the potential for follow-on deals up to $2 million amplifies their commitment to long-term partnerships.

While Europe takes center stage as the primary target market, with a keen focus on nurturing startup ecosystems in the UK, Germany, France, Scandinavia, and Italy, Boost Capital Partners also recognizes the immense potential in Latin America and North America. This global perspective resonates harmoniously with the diverse backgrounds and vast expertise of their accomplished investment team, ensuring startups receive invaluable insights and guidance on a global scale.

Boost Capital Partners has already made investments in seven startups, including UK-based social calendar app Howbout, streaming platform Volta, fitness platform Krew, couples' therapy app Together based in Berlin, game developer Cosmic Lounge in Finland, proptech Pulppo in Mexico, and US-based clinical trials and patient platform Stitch. These early investments reflect the firm's commitment to supporting promising startups across different regions and industries.

Backing from European family offices and unicorn founders has fueled the fund's growth. Alvarez del Rio purposely sought support from these sources, avoiding institutional investors due to their limited interest in first-time funds.

Boost Capital Partners' launch signifies an exciting opportunity for early-stage startups to access funding and expertise from experienced investors who understand the importance of user experience in today's competitive market. With a strong focus on Europe but a global perspective, the firm aims to foster innovation and drive growth in various industries while nurturing long-term partnerships with their portfolio companies.

In conclusion, Boost Capital Partners' successful fundraise and strategic investment approach position the firm as a key player in the early-stage investment landscape, offering support and capital to startups that prioritize user experience and innovation. As the firm continues to build its portfolio and expand its reach, the tech startup ecosystem eagerly anticipates the impact and opportunities that will arise from this new fund.

Neil Hodgson Coyle
Neil Hodgson-Coyle
Editorial chief at TechNews180
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