Nauta closes fifth fund on EUR 190m

The fund was launched in December 2019 and went on to hold a first close in July 2020 on EUR 120m. The final close brings the firm's assets under management to more than EUR 550m.

It is Nauta's largest vehicle to date. Its predecessor closed on USD 170m in 2017, while Nauta Tech Invest III raised USD 150m in 2011, according to Unquote Data.

In addition to its main funds, Nauta is also managing its later-stage €55m Sidecar Fund. The vehicle targets Series B and C rounds, and provides follow-on capital to Nauta's portfolio companies.

Investors
The fund's LP base is composed of both existing and new investors from continental Europe, the UK and the Americas. Around 80% of Nauta's existing LPs had joined in the fund at the time of the first close. A majority (60%) of first-close investors were institutions, with 40% being large family offices, Nauta told Unquote at the time.

LPs include European family office Merifin Capital, the private markets division of Spain-based BBVA Asset Management, British Patient Capital (which committed EUR 25m), ICO,  the European Investment Fund, ICF, and Germany-based KfW Capital. 

Investments
Nauta Tech Invest V deploys tickets of EUR 1m-5m in seed and Series A rounds, with additional capital of up to EUR 7m over the life of an investment. The fund focuses on B2B software-as-a-service companies and "deep-tech" companies. It invests in European countries with a main focus towards the UK, Spain and Germany.

The fund has already been deployed across 11 investments since launch, including SaaS business Cledara, open source platform Nhost, app analytics and management platform Appfollow, employee wellbeing company iFeel, SME-insurance-focused InsureQ, and B2B delivery company Gophr.

People
Nauta Capital – Carles Ferrer (general partner).

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