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April 17, 2012 08:55 am GMT
We've seen the rise of new kinds of VC funds in Europe recently, mostly notably Passion Capital's $60M last year and the new fund just raised by Earlybird in Berlin, among others. These new kinds of funds are more fleet of foot, reaching into the hot early stage sector right now, largely in the consumer space.What has not appeared as often are brand new funds aimed at disrupting the enterprise. That changes today with the announcement today that London-based Notion Capital has closed the first $100M of its 'Fund 2'. This fund will focus on emerging cloud computing and Software-as-a-Service companies in the UK and across Europe. The total fund size will end up being $150m at its final close, expected in the next few months. But already, this is one of the largest closes for an early stage VC in Europe to date. With this fund closed, Notion plans to look at 4 or 5 deals closely and will do one or two deals in the next couple of months.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/zip1Z7hzBw8/
Euro SaaS Startups Rejoice Notion Capital Closes $100M For Its Second Fund
We've seen the rise of new kinds of VC funds in Europe recently, mostly notably Passion Capital's $60M last year and the new fund just raised by Earlybird in Berlin, among others. These new kinds of funds are more fleet of foot, reaching into the hot early stage sector right now, largely in the consumer space.What has not appeared as often are brand new funds aimed at disrupting the enterprise. That changes today with the announcement today that London-based Notion Capital has closed the first $100M of its 'Fund 2'. This fund will focus on emerging cloud computing and Software-as-a-Service companies in the UK and across Europe. The total fund size will end up being $150m at its final close, expected in the next few months. But already, this is one of the largest closes for an early stage VC in Europe to date. With this fund closed, Notion plans to look at 4 or 5 deals closely and will do one or two deals in the next couple of months.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/zip1Z7hzBw8/
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