The fund will invest alongside Auctus’ existing evergreen fund and a strong personal commitment from the Auctus team, which results in total capital for new investments of around €100m.
Investors in the fund include European and US fund-of-funds and entrepreneurs.
Founder and managing partner Dr Ingo Krocke, said: “The combination of a very successful Auctus I portfolio with double-digit money multiples and the tremendous deal activity with eight to 10 new deals in 2007 caused strong investor interest.”