Global Themes

On Globalization & Venture Capital

US VCs now looking at Europe…

In its latest monthly bulletin, go4venture (a tech-focused corporate finance advisory firm in London) notes that,  

it is…worth pointing out are two “native” US investors (i.e. with no European office)…(made) an appearance in
Europe, both as lead investors:
 

  • Tollwood Venture Capital (www.tallwoodvc.com), a $180 million first-time fund (2002) specialising in semiconductors, which led the investment round in Cavendish Kinetics. This is their first investment in
    Europe.

  • VantagePoint Venture Partners (www.vpvp.com), a leading venture and private equity firm with over $2 billion under management, and specialising in what they describe as “financially, structurally, and/or technologically complex deals”.

These two deals are examples of the trend frequently seen by Go4Venture when working with its clients: the increasing internationalisation of the venture capital industry. This trend is driven by sector expertise, with VCs delivering higher value-addition than in the past. Like many other industries, venture capitalism is becoming increasingly sophisticated, particularly in Europe where progress towards more professional VC firms is noticeable. 

VantagePoints’ investment was in SolarCentury (UK), which completed a €8 million Series A round of funding. The company designs, installs and maintains tailor-made solar photovoltaic solutions for homes and other buildings….

And as the bulletin noted, “This is an unusual example of a Series A (at least first VC institutional round) led by a VC from a different geography”

July 6th, 2006 Posted by | Uncategorized | no comments

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