The Ariadne Capital Entrepreneurs Fund has made an additional four investments into digital technology firms, bringing the fund’s portfolio to seven with six more investments planned for 2014.
The fund participated in the recent funding rounds of Taggstar, MoneyDashboard, MADE TV and SoundOut.
In addition, it has invested alongside Barry Silbert, founder of Second Market, in Bitx, the emerging market bitcoin exchange led by Marcus Swanepoel. Ariadne believes that the banks will back digital currencies and that Swanepoel and Bitx will lead this market.
The Ariadne Capital Entrepreneurs Fund backs ‘Digital Enablers’ with GBP250,000 to GBP500,000 of capital once the start-up has achieved early revenues with its MVP.
“My limited partners include some of the most successful technology entrepreneurs in the world. Through them, we never have a problem accessing anyone for our portfolio,” says Julie Meyer, MBE, managing partner of Ariadne Capital Enterpreneurs Fund.
Ariadne Capital closed its third corporate finance deal for the year in the summer, syndicating the USD5 million investment from Hatteras Venture Partners into Medikidz. It has raised GBP1.4 million for a cloud-based contact centre big data firm.
