Nauta Capital, a pan-European venture capital firm investing in capital-efficient B2B software companies, launched its fifth fund, with a €120M first close.
Nauta Tech Invest V’s first close is joined by both existing and new investors from continental Europe, UK and the Americas including fund of funds, financial institutions, insurance companies, and large family offices that lead large corporates with strong synergies with Nauta’s portfolio.
The new vehicle is expected to exceed the 2016 fund, which amounted to €155M, taking the firm’s total assets under management to over half a billion.
The firm also announced the fund’s first investment participating in NumberEight’s $2.3M seed round. NumberEight is a UK-based contextual intelligence platform for mobile devices that predicts consumer context to enable the delivery of the right content at the right time while preserving user privacy by not sending or storing sensor data beyond their device. The startup leverages advanced context recognition and on-device AI techniques to predict over 100 contextual signals such as ‘travelling to work on a bicycle”, thus providing mobile apps with real-time behavioural and situational consumer insights.
Led by Carles Ferrer, Nauta focuses on investing in capital-efficient B2B software companies from Seed and Series A. Main areas of interests include B2B SaaS solutions with strong network effects, vertically focused enterprise tech transforming large industries as well as those leveraging deep-tech applications to solve challenges faced by large enterprises.
The firm operates from London, Barcelona and Munich with a team of 24 people and invests in companies mainly based in the UK, Spain, Germany as well as those based in other continental European countries with plans to increase their presence in one of Nauta’s key geographical hubs.
An active early-stage investor for nearly two decades, the firm has invested in over 50 companies including Brandwatch, a UK digital consumer intelligence company with $100M ARR; Onna, a knowledge integration platform that unifies workplace knowledge platforms for the likes of Facebook and Dropbox; PromoteIQ, which was acquired by Microsoft in 2019; zenloop, a Berlin-based experience management platform as well as MishiPay, a mobile self-checkout technology.