I have no idea why it seems to be &''Europe week&'' for me, but here&'s some more news from across the pond: Seedcamp has raised a new $3 million fund. I&'m a huge fan of Seedcamp, even though I&'ve given the co-founder Saul Klein a hard time about some of its winners in the past.

It is a combination of Y Combinator, a competition like TechCrunch Disrupt and a super angel, but one that aggressively takes itself on the road every month to find the best startups in emerging markets, particularly Eastern Europe. (It&'s not unlike my own obsessive emerging market reporting. Oh wait, it&'s completely different. They have actual money to invest.)

We caught up with Seedcamp&'s other founder Reshma Sohoni to find out more about Seedcamp&'s newly enlarged global ambitions. The video is below.

More than money, Seedcamp gives crucial mentorship for these early companies and has a decent track record over the last three years of helping these diamonds-in-the-rough connect with big Western investors like Union Square Ventures and Index Ventures, who is also a backer of Seedcamp.

This is just a first close, and Seedcamp is hoping to raise more money in coming months. This seems a no-brainer investment for a VC firm with too much cash that wants a savvy eye on up-and-coming companies and talent in Eastern Europe. Just throwing money at someone who is crazy enough to kill himself (or, ahem, herself) scouring emerging markets for unknown companies is a lot easier than doing it yourself. (cc:Michael Arrington/AOL)