Nauta Capital holds final close on $170m

The fund held a first close on $70m in September 2015 declaring a fundraising target range of $115-175m. The VC firm's previous fund Nauta III held a final close in 2011 on $150m, surpassing its $140m target.

Nauta's previous funds have targeted western Europe, especially Spain and the UK, as well as the US. Nauta has already backed eight companies using this vehicle, which is now around 15% deployed.

Investors
The fund's investor base includes LPs from the UK, continental Europe, Latin America and China. The mix is approximately 50% family offices and 50% institutions, including funds-of-funds, financial institutions, insurance companies, endowments and government agencies.

Investments
The vehicle will target software companies in large markets with limited previous technology impact, including B2B software and digital media. The average ticket size will be €1-3m with the ability to go from €500,000 to €7m over the life of an investment. Nauta plans to invest in approximately 25 companies from this fund.

To date, the investments made by the fund match the geographical profile of its previous funds, as three are in the UK & Ireland (CloudIQ, BeMyEye and ChannelSight), three are in Spain (Nextail, Geoblink and Lodgify) and two are in the Boston area (Content Raven and Connected2Fiber).

People
Nauta Capital – Carles Ferrer (general partner).

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