- Eight Roads Ventures has raised $ 375 million to fund late-stage startups, an underserved area in Europe.
- Eight Roads was an early backer in Alibaba in 1999, and has also invested in furniture company Made.com and Notonthehighstreet.
- The venture firm wants to build more $ 10 billion companies out of Europe, where startups often exit to US tech giants for millions, rather than billions, of dollars.
- Eight Roads’ European arm has mostly invested in the UK, and managing partner Davor Hebel said Brexit has had no impact on its investment decisions.
Venture capital firm Eight Roads Ventures has raised $ 375 million (£267 million) to fund late-stage startups in Europe.
The fund is Eight Roads’ biggest to date, and the idea is to help fill a major gap in Europe start-up funding.See the rest of the story at Business Insider
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