Investment firm GP Bullhound has announced the first closing of its newest fund at €65 million that will invest in European tech companies from early stages to pre-IPO.
GP Bullhound Fund IV is backed by institutions, entrepreneurs, and family offices, according to the firm.
“We are delighted to welcome new investors and to retain the trust of partners from previous funds,” said Joakim Dal, partner and investment advisor for the fund. “We highly value the mix of institutional capital, family offices and entrepreneurs, all derived from our extensive network across the continents.”
“The strategy remains, we invest in great European entrepreneurs alongside the world´s most prominent tech investors. Leveraging on GP Bullhound’s global organisation, we add shareholder value,” added Alon Kuperman, director and investment advisor.
The London-based firm has shares in big name European tech companies like Spotify and Klarna and has invested in startups like Matsmart and Fishbrain.