London-based Pretiosum Ventures has reached the primary shut of what TechCrunch understands may finally be a $20 million second fund.

Based in London in 2019 by Yana Abramova, the solo GP fund invests in ‘infrastructure’ startups, (enterprise SaaS, Fintech, and Web3). Pretiosum (a witty inflexion of the Latin phrase ‘pretiōsus’ which means ‘treasured’) sometimes writes cheques within the $250-500,000 vary in a ‘follow-on’ method.

Abramova sits on Cambridge College’s Choose Enterprise Faculty alumni board and was beforehand an envoy at Tech Nation (just lately acquired by Founders Discussion board).

As considered one of Europe’s only a few feminine GPs, Abramova backs startups on the pre-seed, seed, and infrequently on the Sequence A stage.

Thus far, Pretiosum has co-invested in startups alongside Cherry Ventures, Greycroft, Seedcamp, IQ Capital and Y Combinator.

I’ve famous earlier than that there’s a brand new wave of solo GP VCs is coming to Europe, even when we expect it may be powerful on the market, particularly within the US.

The development has solely simply begun in Europe and I very a lot doubt it would cease simply because we’re in a brand new, bearish, cycle.

As I wrote in June, this mannequin of VC has arrived late sufficient in Europe for it to grow to be a extra viable method ahead for a lot of European startups.

Now we have already seen the launch of Underline Ventures, began final yr by Bogdan Iordache in Romania, in addition to the launch of Hypernova, a $25 million fund of funds that plans to not solely put money into different funds but in addition immediately into startups.