London, UK-based venture capital firm DN Capital closed its third fund at €144m ($200m).
Investors include family offices, large institutional investors and sovereign wealth funds.
GVC III focuses on investing in early and growth stage companies in northern Europe, particularly the UK, Germany, and the Nordics with an allocation for US companies expanding into Europe.
Investment areas include software, mobile applications, digital media and e-commerce.
Founded in 2000 by Nenad Marovac, Managing Partner, DN Capital now has $320m under management. It has invested in over 50 companies including Shazam, Apsmart (sold to Thomson Reuters), Endeca Technologies (sold to Oracle), Datanomic (sold to
Oracle), Performance Horizon, JacobsRimell (sold to Amdocs), Mister Spex, OLX (sold to Naspers), Quandoo, Videdressing and Windeln.de.
The firm has offices in London and Palo Alto.