New venture capital firm Crane Venture Partners has closed a $90 million seed fund focused on European enterprise startups.
Veteran investor Krishna Visvanathan predicted that Europe will produce a multi-billion-dollar tech giant in the enterprise space in the next 5 or 10 years.
The continent has already produced global enterprise leaders such as ARM and SAP, but otherwise lags behind the US and China when it comes to supersized tech firms.
Crane has already invested in several buzzy UK startups, including security firm Tessian and AI identify checking startup Onfido.
The new fund comes as European investors increasingly focus on “deep tech” such as artificial intelligence, life sciences, and energy.
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New venture capital firm Crane Venture Partners has closed a $90 million seed fund focused on early-stage European enterprise and data startups.
The London-headquartered firm has invested in a number of buzzy European startups to date including security startup Tessian and AI identity-checker Onfido.
Its four-strong investment team typically writes checks of between $500,000 to $3 million, with the firm planning to invest in seed rounds, rather than put in bigger sums in Series A and B rounds. The goal is to help enterprise founders bridge the funding gap …read more
Source:: Businessinsider – Finance