Connect Ventures appoints MD
London-based Connect Ventures has appointed Sitar Teli as its new managing director and partner.
Teli joins the firm from Doughty Hanson Technology Ventures, where she spent seven years as a venture capitalist focusing mainly on the consumer, internet and mobile sectors.
Connect focuses primarily on seed and early-stage investments in internet and mobile companies across Europe. The firm has made four investments in London and Berlin since launching its maiden fund in 2011. The vehicle held its first close in May 2012, reaching €16m towards its final target of €40.8m.
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