UVC Partners raises €77m first close of new growth fund in 'move into multi-stage investing' | Sifted

UVC Partners raised €77m in a first close, uVC Partners completed a first close for a new growth fund at €77m.

Plans to raise a total of €150m by the end of the summer, uVC plans total fundraise by end of summer.

Moved into multi-stage investing, uVC described the fund as expanding investment stages.

Raised €250m for its fourth flagship fund in 2024, uVC's fourth flagship fund 2024 close amount.

Will invest initial cheques of up to €15m in new companies and existing portfolio companies initial cheque size and portfolio focus.