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January 29, 2014 05:32 pm GMT
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/Env_EEwcE1s/
UKs Amadeus Raises $55M Fund To Focus On Early Stage Cloud, Hardware Startups
Amadeus Capital Partners, the veteran UK venture capital fund started by Hermann Hauser, one of the fathers of the UK computer industry in the 1980s is moving up-stream with the announcement of its new fund. Amadeus had gone relatively quiet for the last year, making investments here and there. But clearly they were in the process of raising a new fund, because it has raised 33.2m ($55 million) in the first closing of the Amadeus IV Early Stage Funds. This is a first closing, and will go up to 50 million, but the fund does not plan to go beyond that because of the team size. This will be a specifically early stage fund. The timing is welcome, as other investors, such as Balderton, realise the problem of the lack of Series A funds in Europe, most recently Balderton Capital.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/Env_EEwcE1s/
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