The fund has a broad specification for the kinds of technology it will invest in, which includes robotics, health and cyber security.
“We are unashamedly optimistic in terms of backing great founders, regardless of what business they’re in,” said Crawley.
Firstminute Capital will focus on European firms, with a rough plan to invest 70pc of its fund on the continent and 30pc in countries including the US and Israel.
“It will be UK heavy or weighted, partly because we’re London-based. And not least because – I think it’s fair to say – the UK is still the largest tech hub in Europe,” said Crawley.
The team will invest the first half of the money over the next five years, saving the rest for follow-up investments from 2022.