# Octopus Ventures First Cheque I

> The first dedicated UK/European pre-seed vehicle managed by Octopus Ventures. Its originally announced fund size corresponds to approximately €12 million when translated using the ECB reference rate of 5 November 2026; this is a comparison, not its historic euro fundraising result. The manager says the vehicle has backed more than 80 companies, including OLIX and Prima Mente. Returns and exit multiples were not independently verified.

## Profile

- **Stage-based planning range:** $100K–$1M
- **Check-size evidence basis:** estimated
- **Founded:** N/A
- **Headquarters:** London, United Kingdom
- **AUM:** N/A
- **Rounds they lead:** Pre-Seed
- **Rounds they invest:** Pre-Seed
- **Last verified:** 2026-11-09

## Links

- [Website](https://octopusventures.com/blog/octopus-ventures-launches-first-cheque-ii-the-second-iteration-of-its-pre-seed-fund-backing-the-next-generation-of-ambitious-entrepreneurs/)

**By:** [Venture Capital Tracker](https://venturecapitaltracker.com/editorial-policy)
**Last updated:** November 9, 2026

**Editorial note:** AI tools assisted with research, structure, or drafting. Venture Capital Tracker retains human editorial responsibility for factual accuracy, relevance, and source quality before publication.

---
Source: https://venturecapitaltracker.com/fund/octopus-ventures-first-cheque-i