You can view the full article written by Eric Auchard on the 25th January via this link.
‘FRANKFURT, Jan 25 (Reuters) – DN Capital, a European-focused venture firm co-founded by two Americans, has closed a new 200 million euro ($248 million) fund to invest in tech start-ups, seeking to repeat a track record that has made it one of Europe’s most successful VCs.
In recent weeks, the firm enjoyed lucrative exits from its portfolio when Apple paid $400 million to acquire music discovery service Shazam and Softbank’s Vision Fund put 460 million euros into user car marketplace Auto1.
Roughly two thirds of the 59 investments it has made since its founding in 2000 have been in Europe, with the remainder in the United States. The venture capital firm operates from offices in London, Berlin and Silicon Valley.
The two founders told Reuters in a phone interview that they will stick with their strategy of seed and early-stage rounds in areas such as online marketplaces, software as a service, fintech, digital health and mobile apps for consumers.’