Eight Roads Ventures, a London, UK–based venture capital firm, has launched a $375m third fund for scale-ups in Europe and Israel.
ERVE III will provide funding for fast-growing technology companies across enterprise, consumer, fintech and healthcare IT sectors.
The London-based team – led by Davor Hebel, Managing Partner and Head of Eight Roads Ventures Europe – will work to fill the resource gap which exists for many growth stage technology companies in Europe, and continue to help founders with key priorities from building out sales and marketing to geographic expansion.
They will look for scale-up companies across Europe and Israel, backing a total of 15 to 20, with an average investment size of $10m to $30m.
Since launching its first European fund in 2010, Eight Roads Ventures has backed over 20 companies including AppsFlyer, Compte Nickel, InnoGames, Made.com, Neo4j, Treatwell and Wallapop. Globally, the firm has an extensive network of investors and operators in offices across China, Japan, India, the UK and the US and a near 50-year history of investing in global success stories such as Alibaba, Nuance Communications and Xoom.
Eight Roads is the proprietary investment arm of Fidelity International Limited.