Internet venture capital provider, Holtzbrinck Ventures, has closed its fourth Fund, HV Holtzbrinck Ventures Fund IV at €177 million. The capital was raised from both Verlagsgruppe Georg von Holtzbrinck and funds managed by HarbourVest Partners.
Holtzbrinck Ventures will operate as a fully independent venture fund and will also continue to execute its strategy of investing within the new media sector. As part of the fundraising, Holtzbrinck committed a large part of its existing new media portfolio to HV Ventures Fund IV and the Holtzbrinck Ventures team will continue to manage the portfolio under the current brand in a newly formed entity.
Click here for the release from PR Newswire.