Reece Chowdhry

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Reece Chowdhry is the founding partner of Concept Ventures, Europe's largest dedicated pre-seed venture capital fund. The firm now manages over $200 million in assets across two funds and has built a reputation for being the first institutional cheque into companies that go on to raise meaningful follow-on capital. Its breakout investment, AI voice startup ElevenLabs, currently represents a roughly 400x paper return on the firm's first cheque.

Chowdhry started his career at Ernst & Young in technology advisory before incubating three software startups of his own — one exited, one folded, and one is still operating. He launched Concept (then named RLC Ventures) in 2018 with the conviction that pre-seed deserved its own dedicated specialist rather than being treated as an optional cheque from multi-stage funds. The firm rebranded to Concept Ventures in 2022 alongside a £50 million first fund anchored by a £30 million commitment from the British Business Bank.

In 2025, Concept closed an $88 million second fund — Europe's largest dedicated pre-seed vehicle — in three weeks, supported by over 70% of its existing portfolio founders. Chowdhry has been named one of the Financial Times' top 100 BAME leaders in technology and runs the Concept Venture Pledge, which commits 1% of the firm's carry to causes chosen by portfolio founders.