Investment and advisory Ariadne Capital has launched its first venture capital fund with the backing of 10 entrepreneurs.
The Ariadne Capital Entrepreneurs (ACE) Fund is aiming to raise £20m for investment in internet and mobile internet companies at the seed stage. The fund is planning to invest between £250,000 and £1m into each business.
Investors include EasyNet founder David Rowe, Marc Worth, the founder of WGSN, and Julie Meyer, founder of Ariadne who will act as the fund’s managing partner.