e.ventures closes $150m early-stage fund to target UK start-ups

Silicon Valley-based VC firm recently participated in a $110m funding round for London-based company Farfetch

e.ventures, the San Francisco-based venture capital (VC) fund, has secured a $150m early-stage fund to target investment in businesses across the UK and Europe.

The new fund – which brings e.ventures’ total assets under management to $1bn – will focus on making seed and Series A investments.

Alongside an already active $290m global growth investment, UK start-ups will have the opportunity to access funding and expertise from the VC throughout their lifecycle.

e.ventures was an early investor in London-based luxury fashion website Farfetch, most recently participating in a $110m Series F funding round.

Christian Leybold, co-founder and general partner at e.ventures, commented: “This fund will allow us to utilise our methods to support a greater number of the next generation of high-growth firms across Europe. Our willingness to explore every corner of the continent and provide operational support to the businesses we invest in increases the potential of our funds.”

José Neves, CEO of Farfetch, added:

“Leybold and his team were able to provide real operational support even in markets like Japan where the e.ventures Asian team was invaluable in making our local presence a huge success.”

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