Nauta Capital, the pan-European venture capital company that buys B2B technology start-ups at seed and Series A, is introducing its fifth fund.

The new car has a preliminary close of EUR120 million and is anticipated to go beyond the VC’s 2016 fund, which peaked at EUR155 million.

With workplaces in London, Barcelona and Munich, Nauta Capital has more than half a billion under management and is supported by a group of 24 people, making it one of Europe’s largest B2B focused VCs. The company invest in business primarily based in the U.K., Spain, and Germany, as well as those based in other continental European countries with strategies to considerably increase their existence in one of its key geographical hubs.

Describing itself as “sector-agnostic,” Nauta Capital’s main areas of interest include B2B SaaS options with “strong network results”, vertically focused business tech that is trying to change large markets, and deep tech applications that solve a selection of obstacles faced by big enterprises. More broadly, it says it targets “capital-efficient” B2B software companies.

In total, Nauta has led investments in more than 50 business. They consist of Brandwatch, a U.K. digital customer intelligence business with $100 million ARR; Onna, a knowledge combination platform that unifies workplace understanding platforms for the likes of Facebook and Dropbox; PromoteIQ which was obtained by Microsoft in 2019; zenloop, a Berlin-based experience management platform; and MishiPay, a mobile self-checkout technology.

LPs in this 5th fund’s very first close consist of both existing and new investors from continental Europe and America. They cover fund of funds, banks, insurance provider, and large family workplaces that lead big corporates with “strong synergies” with Nauta’s portfolio.

“We have actually doubled the first close compared to our 2016 fund in record time versus a background of an international pandemic,” says Carles Ferrer, Nauta’s London-based General Partner, in a declaration. “With more than 80% of the contributions received from existing LPs, we are humbled to see that our thesis has resonated with so many of our existing LPs who have actually joined us once again”.

That thesis has seen Nauta have the discipline to back companies that take a leaner method, consisting of during fundraising or leveraging cash efficiently to attain growth, according to Carles. “At a time when we are browsing an international pandemic, where the global economy has actually taken an extreme hit, it’s more evident than ever that our conviction in capital-efficiency maximises sustainability and leads to greater long-lasting results for entrepreneurs, regardless of their stage,” he states.

On the other hand, Nauta is disclosing that the first business to be backed from its brand-new fund is NumberEight, which has actually raised a $2.3 million seed round led by the VC. Based in the U.K., NumberEight offers a “contextual intelligence” platform for mobile phones that forecasts customer context to “make it possible for the delivery of the right content at the correct time,” while declaring to protect user privacy by not storing or sending out sensor information beyond the user’s gadget.

“The startup leverages innovative context acknowledgment and on-device AI strategies to anticipate over 100 contextual signals such as ‘travelling to work on a bicycle’, hence providing mobile apps with real-time behavioural and situational consumer insights,” discusses Nauta.

Article curated by RJ Shara from Source. RJ Shara is a Bay Area Radio Host (Radio Jockey) who talks about the startup ecosystem – entrepreneurs, investments, policies and more on her show The Silicon Dreams. The show streams on Radio Zindagi 1170AM on Mondays from 3.30 PM to 4 PM.