Nauta Capital prepares fourth fund, loses two founders

The venture investor is expecting to raise €100-150m for its latest vehicle, which will invest in the UK, Spain and the east coast of the US and target companies in business-to-business software, digital media, data and information security and mobile and internet technologies. 

The vehicle's predecessor, Nauta III, closed on €105m in 2010. According to unquote" data, the LP base included the European Investment Fund, Norway's KLP, BBVA, The Catalan Institute of Finance, Caixa's pension fund, Barcelona City Council and Spain's Economic Ministry, alongside Spanish family offices and Nauta's general partners. 

Meanwhile, two of Nauta's founders, Xavier Rubió and Marcel Rafart, have stepped down from the firm leaving four general partners at the helm: Dominic Endicott, Carles Ferrer, Daniel Sánchez and Jordi Viñas. A source described the changes as "part of the natural evolution of the group".

Nauta's most recent transaction in Europe saw the VC join forces with Caixa Capital Risc in a €3.5m commitment to existing portfolio company Groupalia, a Spanish daily deals site.

Earlier this month, Scytl, backed by Balderton and Nauta, raised $40m from Vulcan Capital, the investment management firm launched by Microsoft co-founder Paul Allen.

Nauta has offices in Barcelona, Boston and London. 

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Southern Europe
• Venture
• People
• Spain
• Nauta Capital