
Fund II will invest in up to 30 UK-based pre-seed and seed-stage startups, with typical initial cheques of around $2 million.

Replenit’s $2.5 million pre-seed round was co-led by Movens Capital and Vastpoint, with participation from Logo Ventures and DigitalOcean Ventures.

The round was led by P101 SGR with participation from Spanish family offices Namarel and Inderhabs.