Concept Ventures

Venture CapitalPrivate Equity·London, UK·$200M AUM; Fund I $65M (2022); Fund II $88M (2025, Europe's largest pre-seed fund)

Founded in 2018 by Reece Chowdhry (originally as RLC Ventures), Concept Ventures is Europe's largest dedicated pre-seed fund. The firm invests up to $1.5m in first rounds, leading over 90% of deals, and is proudly sector agnostic. Fund I is a top 1% performing fund for its vintage globally, with 100% of portfolio companies that went to market successfully closing their next round. Portfolio companies have collectively raised over $450m in follow on funding. The standout investment is ElevenLabs (voice AI unicorn valued at $6.6B), backed at pre-seed and now representing a 400x return. Other notable investments include VSim, Arondite, and Anam.

Focus Areas

Sector Agnostic (AIDefenceClimateDeveloper Tools)

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1 company in our directory

Arondite

Hiring

Defence Tech·Seed

Arondite is a London-based defence technology company building foundational software and AI to power the autonomous age. The company develops a platform that connects disparate autonomous systems, such as drones, ground robots, and AI-powered sensors from any manufacturer, giving human operators clearer oversight and safer operational control. Founded by former Palantir and Helsing veteran Will Blyth and ex-BAE Systems engineer Rob Underhill, the company addresses the growing need for interoperability as militaries adopt a proliferation of new autonomous hardware across the battlefield.