Backed was launched in 2015 by a 29 years old talented investment professional. The fund invests in seed / series A deals.
Backed is a venture capital fund and has a unique investment proposition, as an investment team of millennials is targeting millennials entrepreneurs who create products and offer services for millennials.
Sienna Capital & Backed
As part of a long-term agreement, Sienna Capital has committed EUR 25 million in September 2017. In exchange for its support of Backed, Sienna Capital benefits from certain favourable financial terms.
Financial year 2017
Since inception, Backed invested EUR 13 million across 23 transactions, out of which 6 have been done in 2017.