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AltAssets is the private equity news and research service from Almeida Capital
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PRINT THIS PAGE DN Capital holds €50m first closing on second fund09/04/2008. Source: AltAssets. 
London-based venture capital firm DN Capital has held a first closing on its second fund, Global Venture Capital II, on €50m. The fund has a target of €100m and is expected to close by the end of this year. GVCII will invest two thirds of its capital in Europe and the remainder mostly in the Americas and CEE. It will target early stage and growth equity investments.
To date, DN Capital has made three investments from the fund. These include Tbricks, a Stockholm-headquartered automated trading strategies business; DezineForce, a UK design software company; and Familybuilder, a US software application development company focused on genealogy. DN is planning to close a fourth investment by the end of the month, according to sources close to the firm.
GVCII's previous fund, GVC I, closed on €47.5m in 2001.
DN Capital typically invests between €1m and €10m per company. The firm focuses on the software and digital multimedia space.
Copyright © 2008 AltAssets
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