The organisation behind Kerrang!, Take a Break and Magic Radio has announced a new €100m capital venture fund.
Bauer Media, which own a number of magazines, radio stations and TV stations, has established the “Bauer Venture Partners” fund and will invest over the next ten years in digital business models across Europe.
The privately owned company is one of the biggest media companies in Europe and operates in 16 countries worldwide.
Andreas Schoo, Member of the Executive Board of the Bauer Media Group, hopes the fund will give them access to “new technologies, teams and innovations in the digital field.”
Bringing in experience
Bauer have partnered with Thomas Preuss, previously of German early-stage VC firm Neuhaus Partners, who will act as managing partner for Bauer Venture Partners.
While access to new technology will benefit Bauer, the fund will very much be invested in a return-oriented manner. Preuss explains:
We perceive ourselves as partners at eye level and would like to help the founders to build the companies and to develop them jointly further up to the point of a successful exit for all shareholders.