A 'more approachable' VC fund has raised $150 million to invest in European tech startups
E.ventures
The company, founded in 1998, has already invested over $1 billion (£680 million) in 170 companies around the world but this new fund is specifically for tech startups across Europe.
Investments made from the new fund will typically be made at the Series A stage and range from £1 million to £5 million.
Luis Hanemann, partner at e.ventures, told Business Insider that e.ventures aims to be seen as a "more approachable" venture capital company.
"We're not all [former] investment bankers," said Hanemann, adding that e.ventures often goes to companies instead of waiting for them to come knocking on e.ventures' door.
Some of the money that e.ventures invests come from the European Union. Hanemann explained that it might become harder to invest in UK tech startups if the nation was to exit the EU.
- I quit McKinsey after 1.5 years. I was making over $200k but my mental health was shattered.
- Some Tesla factory workers realized they were laid off when security scanned their badges and sent them back on shuttles, sources say
- I tutor the children of some of Dubai's richest people. One of them paid me $3,000 to do his homework.
- Why are so many elite coaches moving to Western countries?
- Global GDP to face a 19% decline by 2050 due to climate change, study projects
- 5 things to keep in mind before taking a personal loan
- Markets face heavy fluctuations; settle lower taking downtrend to 4th day
- Move over Bollywood, audio shows are starting to enter the coveted ‘100 Crores Club’