Venture capital firm e.ventures is launching a new fund worth $150 million for early stage European startups and has appointed Bernardo Hernández as a general partner.
This latest fund brings the total value of the firm’s assets to $1 billion. Some of e.ventures most high profile investments include Sonos and Groupon.
Most recently, one of its investments, the fashion e-commerce site Farfetch was reportedly valued at $1.5 billion after securing a new round of funding worth $110 million.
According to the firm’s announcement, e.ventures is building the fund on principles of being on equal footing with founders (“founder do not like assholes,” it said), committing to a startup for the long haul, and helping their investments go global as quickly as possible.
“This fund will allow us to utilise our methods to support a greater number of the next generation of high-growth firms across Europe,” said Christian Leybold, co-founder and general partner. “Our willingness to explore every corner of the continent and provide operational support to the businesses we invest in increases the potential of our funds.”
The VC firm has offices in Berlin, Moscow, San Francisco, Beijing, and Sao Paolo.
“Joining at the same time as closing this fund is something truly exciting and my priority is to uphold the high standards of quality and effort set by the team,” added new partner Bernardo Hernández.
Would you like to write the first comment?
Login to post comments