Lisbon-based Creative Capital Ventures has launched a new €18M fund to transform for technology, digital media and consumer tech founders.
The new investment fund that combines financial backing with strategic growth acceleration, aimed at early-stage tech companies and IP acquisitions. €18M has been committed to date by institutional and private investors including Saratoga Capital and Anthill Ventures, with a view to raising up to €50m by the end of March next year.
The fund’s first round of capital is set to be deployed by year end 2024, with 18 initial investments and 11 follow-on investments targeted. The fund will be particularly aimed at digital media and consumer tech. CCV’s team has previously backed 150 startups, with 20 companies founded and six exits.
John Darling, a key figure at Creative Capital Ventures, was enthusiastic. “We are excited to launch our new fund,” he said. “It will provide critical capital and help scale innovative startups. We aim to foster long-term success for ambitious entrepreneurs."
The fund will focus on high-growth sectors currently experiencing significant disruption, such as sports tech, media, entertainment, and lifestyle (health and wellness). The fund strategically invests in early-stage tech companies and IP acquisitions in order to offer venture-like returns with greater stability.
Rich Britton, who leads the fund's creative aspects, highlighted the importance of IP: “Our fund is committed to supporting ventures innovating in IP-related fields, especially those creating immersive experiences and taking advantage of music rights. This investment fund comes at the right time, as these areas are ripe for growth and offer tremendous opportunities for reinventing how creators produce and consumers consume content."
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