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January 17, 2008
Wellington Raises New and Oversubscribed Tech Fund
Wellington Partners has raised a new technology fund of € 265M, which is €15M over target. Its last one was raised just as this new cycle was getting off to a slow start back in 2004.
In the meantime, the firm which invests across Europe, has had several portfolio firms acquired such as ImmobilienScout24 by Deutsche Telekom, while SAF and Xing.com made the IPO move.
Existing investors, LPs, came back for this one, which indicates that the venture firm is making money. The fact that it also brought in new LPs, such as GIC Special Investments, Pantheon Ventures and Skandia Liv Asset Management, suggests that the outlook is positive for the coming few years too.
Wellington Partners will open an office in London with Eric Archambeau (left) and Frank Böhnke (right), managing it.
Eric Archambeau said in a statement that the "new office in London will help us become even more accessible to entrepreneurs across Europe.”
Posted on January 17, 2008 02:10 PM | Posted to News And Updates | Permalink
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