Investment Completion - DN Capital

News: Investment News | 12 July 2016

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We are delighted to announce the completion of a €3m investment into DN Capital’s fourth Global Venture Capital Fund, or “GVC IV”, as part of a €200m target fund raise.

  • Investment Date: July2016

  • Investment: €3m

  • Legal advisers: Gateley plc

DN Capital is the top quartile fund manager who backed major global music app, Shazam. The GVC IV fund targets seed, early stage and growth capital investments in US and European mobile app, digital media, software and e-commerce businesses.

Our clients were previously given the opportunity to invest in DN’s third fund in June 2014 – a prospect which is not normally available to private investors.

That fund has proved very successful to date, with three early exits including Purplebricks, which underwent an IPO at a valuation of c£240m, less than 2 years after DN led a seeding round for the business in 2014. Another portfolio company, used car marketplace, Auto 1, has emerged as a so-called “unicorn” – being currently valued at over €1bn.

DN Capital’s other success stories include early investments in Endeca, the search and business intelligence software company sold to Oracle for US$1.1bn in 2011 and Shazam which now has over 700m worldwide users.

DN Capital was founded in 2000 and has offices in London, Berlin and Silicon Valley, putting it in a strong position to source high quality deal flow and to help investee companies achieve international expansion.

"For private investors to be able to access a world leading venture fund is rare – so we are delighted to have been able to provide our clients with the opportunity to do so for the second time. Investing with such a partner makes it a highly attractive prospect for our clients looking to gain exposure to the venture market, particularly since opportunities to participate in later funds of top quartile managers are almost always limited to institutional investors." Claire Madden, Managing Partner