Europe Gets Another Fund As Ariadne Slaps Down $32m

It looks at first glance like Michael Birch and Brent Hoberman’s PROfounders Capital has a new and unexpected bit of competition in the shape of “online Dragon” Julie Meyer from Ariadne Capital.

The latter has just announced a brand-new $32 million (£20m) fund, the Ariadne Capital Entrepreneurs Fund, that aims to invest in early-stage companies. But that may be jumping the gun.