DN Capital, a London, UK- and Berlin, Germany-based venture capital firm, has launched its latest $350m fund (approx. £220m and €300m).
Under the leadership of Nenad Marovac and Steve Schlenker, Fund V will back early stage entrepreneurs across Europe, the UK and the US, who are developing tech to boost global recovery.
Fund V will invest in the firm’s core fields of:
- marketplaces, and
- consumer internet.
Founded in 2000, DN Capital now manages $950m across five funds. The firm has backed Shazam, Auto1, MrSpex and Endeca, among other successes. Its current portfolio includes unicorns such as US remittance business Remitly, digital staffing company Jobandtalent and the online education company GoStudent. It also has offices in Menlo Park, CA.