European VC Connect Ventures Launches With $22M Fund. Secret Sales Gets The First Helping: $487K

Make way for another VC firm in Europe: Today sees the launch of Connect Ventures, a new London based fund that will focus on seed and Series A stages in European tech companies. It's kicking off with a ?16 million ($22 million) fund, which will be dispersed in investments of between ?250,000 and ?1.25 million ($330k-$1.7m). Led by co-founders Pietro Bezza and Bill Earner, Connect Ventures will be focused on early stage companies in the consumer web, digital media, e-commerce, entertainment and gaming sectors. The first recipient of money from the fund is the London-based private sales site SecretSales, which is getting a ?300,000 ($487,000) investment on top of the ?6.3 million ($10.2 million) round that it got in February from a consortium of investors that included Doughty Hanson, Pantech Ventures and others.

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