Seedcamp, a UK-based fund and competition for technology start-ups in Europe, has raised €2m ($2.6m) for its second fund from limited partners including the corporate venturing units of publishers Reed Elsevier and Bertelsmann.

The latest capital raising effort follows €3m in commitments last year to the second fund and Seedcamp typically take 8% to 10% in start-ups in return for €50,000.

Seedcamp has also struck partnerships with 500 Startups, a US start-up incubator, and AngelList, a network that connects angel investors with budding entrepreneurs.

It is also set to launch an experts in residence programme to match start-ups with relevant advisers, including from its 34 corporate sponsors, such as Facebook and Google.

In its statement, Seedcamp said: "We continue to operate like a start-up – think like one, behave like one and want to stay like one but to do all this we need to be supported by visionary investors…

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