European venture capital looks set to continue its rapid growth as DN Capital raises a new $200m fund.
The London-based venture capital firm has announced they will look to invest in early stage and high growth companies, with a particular focus on mobile apps, digital media, and e-commerce.
Having invested in 50 companies since 2000, it is the firm’s third European venture and growth fund.
VC interest growing
The announcement is good news for UK and European tech where VC funding is at an all time high.
Media giant Bauer recently launched a €100m digital business fund and Santander also launched a $100m fintech fund.
Earlier this year, VC powerhouses Balderton Capital and Index Ventures raised $305m and $550m funds respectively as it was announced that British companies are leading the way with VC funding.
DN Capitalising
DN Capital’s current portfolio currently includes music recognition company Shazam, micro-seed fund Seedcamp, and Purple Bricks who recently raised $8m themselves.
Nenad Marovac, Founder and Managing Partner of DN Capital, says he is excited to support the “terrific startups” that are currently in the European market.
We are certain that we are meeting some of tomorrow’s biggest success stories and are now perfectly positioned to support them.