Julie Meyer Launching £20 Million Tech Startup Fund
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Looks like Michael Birch and Brent Hobertman’s PROfounders Capital has some company - there’s another small venture fund on the block for tech startups.
SEE ALSO: Birch’s New Digital Media Fund Has a Name; Adds More Partners
Ariadne Capital CEO Julie Meyer is launching the Ariadne Capital Entrepreneurs (ACE) fund, with investment from 10 execs and herself, to invest between £250,000 and £1 million in new companies, Independent.co.uk reports.
Meyer tells the paper Ariadne’s own portfolio companies, who include SpinVox, Slicethepie and Zopa, could be beneficiaries. Though bank credit lines have been tightened over the last year, Meyer said startups nowadays need less money that a decade ago. The institutional tech VC houses, too, all recently raised new funds.
Posted In: Money, M&A & Venture Capital, Venture Capital
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