KEEN Venture Partners, a new VC firm operating out of London and Amsterdam, has closed its first fund of €90 million for investing in early growth tech companies in Europe.

Helmed by Ben Verwaayen, former BT CEO, Alexander Ribbink, former COO of TomTom, and Robert Verwaayen, former principal at Prime Ventures, the fund will invest between €5 million and €10 million per company. Right now it’s focusing on European based companies but will consider investments in North American companies trying to break into the European market. Main investors in KEEN include the European Investment Fund, Dutch Venture Initiative, ING Netherlands, and KPN Ventures.

Furthermore the firm is announcing the addition of several “network partners” to its fund to advise and support its portfolio. So far it has confirmed Marcus Weldon, CTO of Nokia and president of Bell Labs, and Clare Johnston, founder and CEO of The Up Group, are involved.

“As a team we are passionate about supporting scale-up technology companies to become globally leading businesses. With our collective backgrounds, approach to investing and fresh capital we believe we can support the most ambitious entrepreneurs,” said general partner Alexander Ribbink.

Comments are closed.