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Hey, there ARE Growth funds in Europe — Kennet raises $287M for its largest fund to date

TechCrunch LogoTechCrunch10h ago

Hey, there ARE Growth funds in Europe — Kennet raises $287M for its largest fund to date - TechCrunch

Quick Summary:

Europe is routinely castigated by tech industry observers for having too little growth capital’ funds, and, compared to the US, that’s true.

That said, it is nowhere near non-existent on this front.

Earlier this year Index Ventures announced $2.3 billion in new funds, spread across different stages, with $800M dedicated to venture investment and $1.5BN set aside for growth- and late-stage companies.


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Hey, there ARE Growth funds in Europe — Kennet raises $287M for its largest fund to date - TechCrunch (Picture 1)

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Article Details

Author / Journalist: Mike Butcher

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-30 @ 15:53:41 (10 hours ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 980 words

Reading Time: 6 minutes read

Sentences: 48 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 21858744

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Official Website: techcrunch.com

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News Last Updated: 9 hours ago

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