TechCrunch April 11, 2014
Add a new VC to the ranks in Europe: Station 12 is raising £150 million ($250 million), which it plans to invest in Series A and B rounds in the future Netflixes and Maker Studios of the world — in other words, startups in Europe that straddle the media, entertainment and technology verticals. Average initial investments will be around £10 million.
The news comes on the heels of another European fund unveiled earlier this month from Balderton: $305 million for seed and early-stage investments.
Station 12 — named after a 1940s UK intelligence hub – is being led by Patrick Bradley, the former CEO of Ingenious Ventures, which has a similar portfolio approach to Bradley’s new venture. Notable exits there include the gaming company Lionhead Studios, sold to Microsoft and Cream, sold to Live Nation; investments include the property search platform Property Network and Two Way Media, which develops interactive services for TV programs.
Ingenious Media, under the direction of a new Patrick (Patrick McKenna), will be a “supporter” of Station 12, without specifying what that will mean, but potentially may point to co-investments or other collaborations.
Read More