After 18 years of focusing on Europe, early-stage investor Seedcamp has raised $320 million for its latest fund to expand into the United States. Fund VII is doubling in size from its previous one, with $220 million allocated to early-stage investments and another $100 million reserved for growth-stage follow-ons via a new fund called Select.

Reshma Sohoni, Seedcamp’s co-founder and managing partner, told TechCrunch that the firm will grow its American team to connect more of its European portfolio with U.S. customers and investors, citing San Francisco and Silicon Valley as centers of gravity in recent years.

The investment thesis remains unchanged: Seedcamp is still one of the first investors in upcoming startups, whether pre-product, pre-revenue or even pre-traction. The firm boasts a portfolio of 12 unicorns with $1 billion under management, including successful tech companies like Fluidstack and Hopin.

For Fund VII, Sohoni said they are looking to invest roughly $1 million as a first check in about 100 to 120 startups, while the growth fund will invest about $3 million to $5 million per check. Seedcamp’s network of portfolio companies and LPs will provide dealflow.

Despite its ambition, Seedcamp is sticking to its principles, avoiding capital-intensive businesses such as mobility or marketplaces in favor of a commercial-driven approach.