DHG Communications Network BV is an independent investment company with a no nonsense mentality. Besides providing capital, we bring in our personal experience and know how. We invest smart capital in The Netherlands, USA, Singapore, India and Israël. Working closely with investment funds like Peak Capital, 500 Startups, Golden Gate Ventures and YL Ventures.
Amsterdam-based venture capital firm henQ announces the launch of its third fund, henQ III, with a record value of 50 million euros. The funds will be used by henQ partners Herman Hintzen, Coen van Duiven and Floris van Alkemade to invest in promising software startups. “henQ is the only Dutch VC firm that dares to invest in early stage companies that are looking for seed investments from 100k upwards and has the ability to continue to invest in next rounds up to 10 million euros,” says Van Duiven.
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While eBay is doubling down on its core business after its split from PayPal, an upstart out of Europe is looking to muscle in on the business where eBay first made its name, collectibles. Catawiki, a Dutch online auction business, has raised $82 million to scale its business on the continent and beyond.
The Series C was led by Lead Edge Capital — an investor in other e-commerce juggernauts like Alibaba and Delivery Hero — along with past backers Accel and Project A Ventures, and several former Booking.com executives.
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Instamojo.com, a payment solutions provider based out of Mumbai has raised an undisclosed sum from Kalaari Capital to democratize payments for individuals, micro-merchants, freelancers, SMBs with its innovative link-based payments platform. Previous investors like Blume Ventures, US-based 500Startups, DHG Communications Network & others have also participated in this round.
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Catawiki, an online auction house that targets ‘exceptional’ items — from vintage comic books to antique cars — has closed a € 10 million Series B Round led by VC Accel Partners. In addition, Berlin-based investor and company builder Project A Ventures, Booking.com‘s former CMO Arthur Kosten and Dutch media and Internet entrepreneur Willem Sijthoff, an existing investor, also participated in the round.
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Singapore-based online grocery store RedMart has huge ambitions to eventually expand beyond groceries, with the aim to eventually build a logistics network that can be leveraged for many verticals other than just groceries.
“We see ourselves as a technology and logistics company that just happens to be delivering groceries,” Redmart CEO Roger Egan told TNW.
The company is on a roll as it marches towards this ultimate aim. After scooping $5.4 million in a bridge round in January this year, it has just raised a $23 million Series B round from existing investors Garena (which invested in its Series A round) and Facebook co-founder Eduardo Saverin, as well as new investors Visionnaire Ventures and Softbank Ventures — which was notably an early investor in Chinese e-commerce giant Alibaba.
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This morning Box, a cloud-based file-management service, announced that it has acquired Streem, a Y Combinator-backed company that allows customers to stream files to their desktop environments. Box declined to share terms of the agreement, but did note in an email that it bought the company using a blend of cash and stock. The four members of Streem will join Box. Streem’s product will be subsumed into Box’s larger offerings, the company told TechCrunch. That process is underway now.
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Yoav Leitersdorf isn’t trying to build a Silicon Valley in Israel. His goal is to bring the best of Israel to the U.S.YL Ventures, the San Francisco-based firm where Leitersdorf is a managing partner, just closed its second fund. The firm raised $27.5 million to invest in young Israeli tech companies after its first fund reaped generous returns for investors.
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