Connect Ventures Holds First Close of First Fund at €16M
According to multiple reports, Connect Ventures, a London, UK-based new venture capital fund, has held the first close of its first fund, at €16m.
Founded by Pietro Bezza, a digital media entrepreneur turning into early stage active venture capitalist, and Bill Earner, a former investment manager at Amadeus Capital Partners, the fund focuses on investing in early stage businesses in the mobile, Internet, and digital media sectors throughout Europe.
Investments are made in the £150K-£1.5M range.
The first portfoloio company is Secret Sales, a UK independent private shopping club that helps brands clear excess inventory through short online sales campaigns, which are promoted daily to a private members audience.