Fundraising

The Nordic IT VC fund has received a DKr100m investment from the European Investment Fund as well as DKr25m from US life insurer Phoenix.

The UK mid-market private equity firm is said to have had a first round close at £60m.

DTU Invest has raised E11m from a syndicate comprising seven Danish-based corporations and three research institutions to invest in Danish start-up situations.

The technology sector investment firm is said to be returning investors' commitments to its latest private equity fund and scaling back its European activities.

The electronics company has agreed to an E8m investment in nCoTec’s first venture capital fund, taking total commitments to E53m.

The Dutch private equity and VC investment manager has raised E530m from 25 international limited partners.

The market has been stunned by the sudden collapse of the internet infrastructure company that last year made the headlines with a massive financing round.

Nexo, an Switzerland-based start-up, seeks to supply the automotive industry with telematics infrastructure and systems applications.

At the interim closing Jerusalem Venture Partners has $350m in commitments for its latest communications fund.

An early stage technology fund investing in UK and Ireland has been set up that plans to use an advisory panel of seasoned technology entrepreneurs to add value.