TechCrunch
It’s only a few weeks since Google Ventures announced it’s setting up shop in London as a hub for investing $100 million all over Europe. Now another big fund has been unboxed by local German media firm, Bauer Media. The new fund — €100 million or circa $134 million — will be invested in European digital businesses over the next ten years via a new VC arm, called Bauer Venture Partners (BVP).
BVP is not limiting itself to particular sizes or stages of investments but says only that its focus will be “highly scalable business models in Europe”. So startups then.
“We have a stage-agnostic approach without focusing on any specific phase like seed, early-stage or growth investments,” said Thomas Preuss, founder and Managing Partner of BVP, in a statement.
Asked which areas the fund will focus on he told TechCrunch it would be “mainly software”, adding: “We are open and fully return oriented… e.g. ad Tech, fintech, media, Health, SaaS, etc.”Read More