Nexit Ventures has held a first close of its new wireless and mobile opportunities fund, Nexit Infocom II L.P, on EUR 50m. The vehicle is aiming to attract total commitments of EUR 100m+.
Consortium of investors supporting the funding round includes existing and new backers
Vehicle is larger than its predecessor, Xenon Private Equity VI, a €184m fund closed in July 2014
GP intends to boost the company's organic growth and further strengthen its market position
Acquisition of the family-owned company adds to the GP's industrial portfolio