Wellington sets up London base

Böhnke sees the new office in “this central hub for European VCs” as a natural consequence of Wellington Partners’ proven pan-European strategy.

The opening of the new office also coincides with the close of Wellington Partners’ latest fund, Wellington Partners IV Technology, at €265m, surpassing its target of €250m in just over six months. The pan-European approach that is being pursued by Wellington Partners is supported by the new fund’s initial investments: French-based travel service provider TravelHorizon; German-based solar cell specialist Heliatek; and Swiss-founded chip developer Innovative Silicon. In total, this new Wellington fund plans to invest in approximately 25 technology companies throughout Europe in the fields of digital media and online services, software and electronics.