London, Venture Capital Fund Launched

Julie Meyer, founder of London-based investment firm Ariadne Capital, has launched a £20m fund focused on bridging the gap between seed and venture capital.
The Ariadne Capital Entrepreneurs Fund (ACE), which will be fully raised by the end of 2009, will invest £250,000-to- £1m in internet and mobile internet early-stage companies and businesses in media technology, voice applications, financial services and digital entertainment sectors. 
The Fund has already been backed by some important investors such as David Rowe, founder of EasyNet, Marc Worth, founder of WGSN, Michael Jackson, former Chairman of Partygaming, and Gerard Bonnevay, former Board Director of Crédit Agricole and founder of Celimage.

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