Holtzbrinck Ventures And HarbourVest Closes €117M Early Stage Fund

Monday, 10 January 2011 20:17

Holtzbrinck Ventures And HarbourVest Closes €117M Early Stage Fund

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We've just learned that German VC Holtzbrinck Ventures will announce that it's closed a whopping €117 million early stage fund tomorrow. The Holtzbrinck Ventures Fund IV is backed by both Georg von Holtzbrinck publishing group and funds managed by HarbourVest Partners, a global private equity investment firm. This is a significant new fund for European standards and will fundamentally help prosper

and establish consumer web startups from all walks. Current investments and holdings include highly successful ventures, such as Zalando, Groupon or the freshly exited brands4friends.