Julie Meyer Announces Ariadne Capital Entrepreneurs Fund
The internet is today awash with news of the announcement of a VC fund for early stage ventures from Julie Meyer of Ariadne Capital. The fund, that is set to raise £20 million in its first year, is surely an economic god send for internet, media technology, mobile and digital entertainment start-ups struggling to find money in the downturn.
The fund is backed by a total of ten investors, including Julie Meyer herself; a number of undisclosed investors and industry entrepreneurs such as Michael Jackson, former chairman of Partygaming; David Rowe, founder of EasyNet and Marc Worth, founder of WGSN.
With SmallBizPod reporting that:
The first £250,000 to £1 million of the Ariadne Capital Entrepreneurs Fund (ACE Fund) will target ‘game-changing’ businesses – those investors consider to have disruptive technology, business models or market vision
It will be interesting to see if any of the companies invested in will be female-led. As one of The NextWomen Female Internet Heroes it is great to see Julie Meyer - who only earlier this summer launched her website Entrepreneur Country - remaining busy as ever.
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