Venture capital firm DN Capital has announced the launch of its latest USD350 million fund, focusing on early-stage founders developing tech to boost the global post-Covid recovery.
In an unprecedented global economic environment, the firm’s fifth fund will back early stage entrepreneurs across Europe, the UK and the US who are looking to create businesses built on the pandemic-accelerated surge in digital adoption, and developing tech critical to the global recovery.
“We’re looking for entrepreneurs who are trying to change the paradigm from offline to online; trying to find markets that have historically not benefited from technology where you can apply technology and create really disruptive change,” Steve Schlenker (pictured), co-founder and managing partner of DN Capital.
“One of the things this pandemic did was accelerate the shift to digital. Things are already happening in technology, so it just accelerated everything,” said Nenad Marovac, co-founder of DN Capital.
Within DN’s four pillars software, fintech, marketplaces and consumer internet, the five biggest trends as a result of Covid the firm is looking at are: software automation, digital payments, e-commerce enablement, digital communications, and digital health.
