Pretiosum Ventures hits first close on its second fund to back infrastructure startups | TechCrunch

London-based Pretiosum Ventures has reached the primary shut of what TechCrunch understands may ultimately be a $20 million second fund.

Based in London in 2019 by Yana Abramova, the solo GP fund invests in ‘infrastructure’ startups, (enterprise SaaS, Fintech, and Web3). Pretiosum (a witty inflexion of the Latin phrase ‘pretiōsus’ which means ‘treasured’) usually writes cheques within the $250-500,000 vary in a ‘follow-on’ method.

Abramova sits on Cambridge College’s Choose Enterprise Faculty alumni board and was beforehand an envoy at Tech Nation (just lately acquired by Founders Discussion board).

As certainly one of Europe’s only a few feminine GPs, Abramova backs startups on the pre-seed, seed, and infrequently on the Collection A stage.

Thus far, Pretiosum has co-invested in startups alongside Cherry Ventures, Greycroft, Seedcamp, IQ Capital and Y Combinator.

I’ve famous earlier than that there’s a new wave of solo GP VCs is coming to Europe, even when we predict it might be tough out there, particularly within the US.

The pattern has solely simply begun in Europe and I very a lot doubt it should cease simply because we’re in a brand new, bearish, cycle.

As I wrote in June, this mannequin of VC has arrived late sufficient in Europe for it to turn out to be a extra viable method ahead for a lot of European startups.

We’ve got already seen the launch of Underline Ventures, began final 12 months by Bogdan Iordache in Romania, in addition to the launch of Hypernova, a $25 million fund of funds that plans to not solely spend money on different funds but in addition straight into startups.