Funding opportunity
Venture capital firm Wellington Partners has announced the closing of its latest fund, Wellington Partners IV Technology, at €265 million, surpassing the target of €250 million in just over six months.
Investors in WP IV Tech include Access Capital Partners, AGF Private Equity, AlpInvest Partners, European Investment Fund, Horizon21, König & Cie., The Wellcome Trust, von Braun & Schreiber, WEGA, GIC Special Investments, Pantheon Ventures and Skandia Liv Asset.
At the same time the firm announced the opening of London office under the management of Eric Archambeau and Frank Böhnke. “The new office in London will help us become even more accessible to entrepreneurs across Europe,” said Archambeau.
Wellington Partners says its pan-European approach is underscored by the initial investments from the new fund: French-based travel service provider TravelHorizon; German-based solar cell specialist Heliatek and Swiss chip developer Innovative Silicon. In total, this new Wellington fund plans to invest in around 25 technology companies throughout Europe in the fields of digital media and online services, software and electronics.
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