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DN Capital prepares to shape post-Covid world with $350M fund


DN Capital has launched a $350 million fund to help shape the post-Covid world. With people, and governments, anticipating a vaccine-enabled return to something like normality DN Capital’s Fund V is targeting those early-stage founders whose tech innovations will take advantage of the social changes the pandemic brought, and help economic recovery.

The UK VC firm has a long track record of funding successful ventures. Operating since 2000, they currently manage $950 million across their five funds, and have a track record of spotting the startups that go on to become market leaders. They were, for example, early backers of Shazam, first investing in 2004, and remaining with them until their acquisition by Apple in 2018. This year alone, they have seen four of their portfolio companies reach billion-dollar-plus valuations, while three others have closed billion-dollar finance rounds.

Digital transformation

The VC firm’s latest fund will be led by co-founders Nenad Marovac and Steve Schlenker. The fund will focus on the areas that have been transformed by the accelerated adoption of digital during the pandemic, like software, fintech, digital marketplaces and consumer connectivity....