HomeFundingUK-based investor DN Capital raises its third fund worth $200 million

UK-based investor DN Capital raises its third fund worth $200 million

DN Capital LLP, one of the UK’s leading venture and growth investors, today announced the raising of $200 million (around €144 million) for its third venture capital fund, GVC III, which is a three-time increase on its previous fund.

DN Capital 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. Their investment strategy is focused on supporting dynamic entrepreneurs, to global category-leading companies, in software, mobile applications, digital media and e-commerce, as well as supporting them as they expand out of their home markets. Investors of the firm include family offices, large institutional investors and sovereign wealth funds.

Now, DN Capital has $320 million under management, which is focused on supporting the next generation of ambitious entrepreneurs as they grow 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.

Nenad Marovac, Founder and Managing Partner of DN Capital said: “Well ahead of our target and significantly oversubscribed, we are delighted to announce the closing of our third fund at $200 million. 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. ”

On the other side, Bjorn Tremmerie, head ERP-EIF Dachfonds at the European Investment Fund commented: “The team at DN Capital are amongst the savviest in the business and given their strong track record, we are confident that they offer a particularly rigorous approach to the opportunities in the venture market in Europe today.”

By the way: If you’re a corporate or investor looking for exciting startups in a specific market for a potential investment or acquisition, check out our Startup Sourcing Service!

Marko Srsan
Marko Srsan
founder @TimePrepCFA, blogger interested in startups and VC along with social media and project management, a drummer and a passionate FC Bayern Munchen fan :)

Most Popular