Atlantic Bridge Ventures, a new Dublin based Venture Capital fund, has today launched a technology fund raising €50m at first closing.
The new pan European fund with offices in Dublin and London will focus on making early and mid stage technology investments in semiconductors, enterprise software and mobile technology across Europe with a strong focus on a US transatlantic business building and exit model.
Atlantic Bridge's ABVEN I fund today closed on commitments of €50m ($65m), having received strong interest from institutional and private investors. Fundraising for a second closing is expected later in the year.
The fund is led by four partners; Brian Long, founder and former CEO of Irish semiconductor company Parthus Technologies (now Ceva ); Paul Harvey, former European Head of Technology Investment Banking at Goldman Sachs; Kevin Dillon, former VP of Microsoft Europe, Africa & the Middle East; and Elaine Coughlan, former CFO of Parthus Technologies.
Brian Long commented: 'at Atlantic Bridge we will identify, finance, drive, and support the strongest young technology companies and teams that possess the most potential for global reach in what we believe to be a very attractive and exciting market'.
