London-based Octopus Ventures is launching a $140m fund focused on backing later-stage European startups.
Octopus Zenith Opportunities II LP is dedicated to follow on investments into existing companies within the Octopus portfolio, as well as having the opportunity to back later stage high growth businesses new to Octopus.
The fund invests between £250k and £25m into European startups. The first investment was in the recent $60m round into Secret Escapes, a London-based members only luxury travel site.
Bluetower Associates LLP advised Octopus on the fund launch.