Eight Roads Ventures Launches $375 Million Venture Capital Fund
The new fund will invest in companies based in Europe and in Israel, with an average investment of $10-$30 million
London-headquartered venture capital firm Eight Roads Ventures, the proprietary investment arm of Fidelity International Ltd., has launched a third $375 million fund for scale-up investments in Europe and Israel, the company announced Tuesday.Eight Roads has invested in two Israeli startups to date—human resources company Hi Bob Ltd. and marketing analytics company AppsFlyer Ltd.
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Founded in 2010, Eight Roads has offices in China, Japan, India, the U.K. and the U.S. and has invested nearly $6 billion in more than 20 growth-stage companies worldwide, according to company statements. The venture capital firm was an early investor in Chinese e-commerce company Alibaba Group Holding Ltd.
Eight Roads Ventures' Europe office team. Photo: PR
The new fund will invest in companies based in Europe and in Israel, with a focus on enterprise, consumer, fintech, and healthcare companies, and an average investment of $10-$30 million.
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Growth stage companies need credible business guidance and experience to help them grow, Davor Hebel, a managing partner and head of Eight Roads Ventures' Europe office said in a statement.