VC firm Van den Ende & Deitmers today announced a second investment fund of 107 million euro. The company will also go by a new name: Endeit Capital.
The new fund will be used on growth companies in the Internet industry. More specifically enterprises in the fields of media & marketing, e-commerce, educational technology and mobile.
“Despite the remarkable journey that the internet has already taken, we are still just at the beginning of the developments in this field”, says co-founder of Van den Ende en Deitmers, Hubert Deitmers, about his focus.
With offices in Amsterdam and Hamburg, the fund focuses in particular on the Benelux and Germany. Endeit told StartupJuncture that it expects to invest in 15 – 17 companies with an amount of between 2-10 million euro per investment. The money is likely to be spend in multiple rounds.
A group of investors from the first fund (worth 150 million euro) of Endeit Capital also joined the second one, including Eyeworks, Metrixlab and Improve Digital. Next to Joop van den Ende himself, the European Investment Fund unsurprisingly playes a big part.
Several other entrepreneurs have also joined, including Marco Aarnink of Drukwerkdeal. The entire investment team of the company is also involved as a shareholder.
The first fund of Endeit provided capital to 20 young companies, including Albumprinter, Paylogic, Hyves, Unamic, Eyeworks, Metrixlab, Improve Digital and Centralpoint.