Monday, 6 April 2020

Blossom Capital launches $5M angel program to invest in 20 European startups


Blossom Capital, an early-stage venture capital fund, is launching a €4.6 million ($5 million) angel program targeting European technology startups. Cultivate will bring together 30 angels investors — including Des Traynor (Intercom), Guillaume Pousaz (Checkout.com), Nilan Peiris (Transferwise), and Shakil Khan (Spotify) — and look to make 20 investments of  €230,000 ($250,000) per startup over the next 12 months. The network will be sector agnostic but will focus on seed and pre-seed startups. [Read: How to stay in business during coronavirus: Lessons from running a remote-first company] Ophelia Brown, the founder of Blossom Capital, said in a press release: “Europe’s tech…

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