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Hoxton Ventures raises under $100 million for second fund - Business Insider

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Hoxton Ventures, a VC which backed 3 unicorns with its first fund, has raised just under $100 million to invest in European startups

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Founding partners Rob Kniaz and Hussein Kanji say the firm plans to invest in a broad spectrum of European companies with their second fund, albeit with a greater focus on deep tech.Early-stage tech investor Hoxton Ventures has closed just under $100 million for a second fund to back fast-growth European startups.

While some of Hoxton's smaller investments have exited, the big three are yet to bring in the anticipated mega return through an IPO or sale, though the first may come with Darktrace's anticipated float in 2021.Hoxton's second fund closes as both venture capital investors and startups try and navigate the economic impact of the COVID-19 pandemic, which took much of the world into lockdown from March.

 

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Congrats hkanji and robkniaz!

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