European VC Connect Ventures Launches With $22M Fund. Secret Sales Gets The First Helping: $487K

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Make way for another VC firm in Europe: Today sees the launch of Connect Ventures, a new London based fund that will focus on seed and Series A stages in European tech companies. It’s kicking off with a €16 million ($22 million) fund, which will be dispersed in investments of between €250,000 and €1.25 million ($330k-$1.7m).

Led by co-founders Pietro Bezza and Bill Earner, Connect Ventures will be focused on early stage companies in the consumer web, digital media, e-commerce, entertainment and gaming sectors. The first recipient of money from the fund is the London-based private sales site SecretSales, which is getting a £300,000 ($487,000) investment on top of the £6.3 million ($10.2 million) round that it got in February from a consortium of investors that included Doughty Hanson, Pantech Ventures and others.

source: http://feedproxy.google.com/~r/Techcrunch/~3/LaM6vlGuBsY/