DN Capital, a leading venture and growth investor in the UK, has announced today that it has raised €144 million ($200 million) for its third venture capital fund, GVC III. The new fund, which is three time larger that the previous one, will be invested in early and growth stage companies in northern Europe, particularly the UK, Germany, and the Nordics.
The London-based company said a part of the funds will be allocated for US companies that are expanding into Europe.
DN Capital does not limit itself either in terms of the type of the tech startup it may wish to invest in. It has so far supported companies in software, mobile applications, digital media and e-commerce. Shazam, Quandoo, Apsmart, Endeca are among the high-profile startups DN Capital had been an early investor.
Nenad Marovac, Founder and Managing Partner of DN Capital said, “Well ahead of our target and significantly oversubscribed, we are delighted to announce the closing of our third fund at $200 million. GVC III is far and away our largest fund to date and a real validation of our strategy, performance and our ability to generate first-rate returns for our investors. Our strategy is to build relationships early on with great entrepreneurs, working closely with them during the initial seed stages and throughout their growth process as well as supporting them in launching into new markets. Judging by the terrific start-ups in the European market at the moment, we are certain that we are meeting some of tomorrow’s biggest success stories and are now perfectly positioned to support them. We owe this fundraising success to all of our great CEOs, LPs, advisors and investment team.”