OpenseedVC, a U.K.-based venture capital firm focused on early-stage tech companies in Africa and Europe, announced the first close of its seed fund at $10 million on Monday, May 20. The fund will target investments in startups across various sectors, including e-commerce, fintech, healthtech, and productivity tools.

"Our thesis is that by backing experienced operators early in their journey with the right capital and support from peer operators, you can build a diversified portfolio that generates incredible returns for investors and provides crucial support for ambitious operators when they need it most," said Maria Rotilu (photo), founder of OpenseedVC.