Nauta Secures €60 Million First Close for Its Sixth Fund
London-based venture capital firm Nauta has announced the first close of its sixth fund at €60 million. Half of the amount comes from the UK's economic development bank, the British Business Bank.
Nauta, a London-based pan-European venture capital firm, has announced the first close of its sixth fund at €60 million. The fund will back B2B software and DeepTech startups in Europe. A first close means the fund has secured an initial portion of its investor commitments, an important milestone before fundraising is completed.
Anchor investor
The British Business Bank, the UK's economic development bank, acted as the anchor investor and committed €30 million. That is half of the amount raised so far.
About Nauta
Nauta invests in startups from the pre-Seed stage through to Series A funding rounds. B2B software refers to products that companies sell to other businesses, while DeepTech covers technologies based on scientific or engineering advances.
The announcement notes that this is the fourth consecutive Nauta fund in which the British Business Bank has taken part as an investor. Further details of that point are not included in the available source excerpt.
