Fidelity rebrands VC arm and announces £150m fund

As part of the ongoing rebrand, the business has expanded its European offices within London, which will also act as a shared workspace for portfolio businesses and an event space.

Davor Hebel, the partner who oversees the firm’s European activities, told unquote” the new vehicle will target European tech companies with the potential for global growth. 

Eight Roads will continue its focus on the consumer and enterprise markets, as well as taking a particular interest in the European fintech segment.

The fund recently made its first investment, joining a $60m Partech-led round for UK-based design furniture retailer Made.com. It will typically look to invest $5-25m.

Eight Roads invests capital from its parent group’s balance sheet.

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• Topics
• Venture
• UK / Ireland
• Technology
• Fidelity Growth Partners Europe (FGPE)
• United Kingdom