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2 September, 2014 - 21:56 By Tony Quested

Cambridge tech firms urged to tap DN Capital’s $200m European fund

Nenad-Marovac

Companies in Cambridge are being urged to take a look at a bold new $200m third venture capital fund from DN Capital LLP – one of the UK’s leading venture and growth investors.

GVC III represents a three times increase on its previous fund and is dedicated to investing in early and growth stage companies in northern Europe – particularly the UK, Germany, and the Nordics – with an allocation for US companies expanding into Europe.

The investment strategy is focused on supporting dynamic entrepreneurs to global category leading companies – in software, mobile applications, digital media and e-commerce – and in expanding out of their home markets. Investors include family offices, large institutional investors and sovereign wealth funds.

Nenad Marovac, founder and managing partner of DN Capital said: “Cambridge has long been one of the UK's leading hubs for technology innovation. We were backers of Cambridge-based software engineering company, Datanomic, which was acquired by Oracle. 

“We are excited our new fund will enable us to continue to access and support dynamic startups in Cambridge.

“Well ahead of our target and significantly oversubscribed, 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 startups 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. ”

DN Capital now has $320 million under management focused on supporting the next generation of ambitious entrepreneurs take their companies from nationally disruptive startups to international success stories. 

The firm has invested in over 50 companies since 2000 and has a proven track record of investing in global category winners.

With offices in London and Palo Alto, DN Capital’s objective is to identify, invest in and actively support its portfolio companies to become global leaders. Portfolio companies include Shazam Entertainment, Apsmart (sold to Thomson Reuters), Endeca Technologies (sold to Oracle), Datanomic (sold to Oracle), Performance Horizon, JacobsRimell (sold to Amdocs), Mister Spex, OLX (sold to Naspers), Quandoo, Videdressing and Windeln.de. 

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