LONDON--(BUSINESS WIRE)--The Ariadne Capital Entrepreneurs Fund announces today its latest four investments into digital technology firms, bringing their portfolio to seven with six more investments planned for 2014. It has participated in the recent funding rounds of Taggstar, MoneyDashboard, MADE TV and SoundOut, three UK firms which are bringing excellence in understanding how data is changing retail, financial services, media and the music sectors. Ariadne refers to these as ‘Digital Enablers’, not Digital Disrupters as its investments enable industries which are being disrupted by digital technologies. Its portfolio companies bring net new digital revenues to the corporates with whom they partner.
In addition, it has invested alongside Barry Silbert, founder of Second Market, in Bitx, the emerging market bitcoin exchange, led by Marcus Swanepoel. Ariadne believes that the banks will back digital currencies, and that Swanepoel and Bitx will lead this market.
The Ariadne Capital Entrepreneurs Fund backs ‘Digital Enablers’ with £250,000 to 500,000 of capital once the start-up has achieved early revenues with its MVP. The fund brings deep operational capabilities through its Limited Partners who are actively involved in the fund, joining Boards and opening doors.
‘My Limited Partners include some of the most successful technology entrepreneurs in the world. Through them, we never have a problem accessing anyone for our portfolio,’ said Julie Meyer, MBE, Managing Partner Ariadne Capital Enterpreneurs Fund.
Ariadne Capital closed its third corporate finance deal for the year as well this past summer syndicating the $5 million investment from Hatteras Venture Partners into Medikidz, where Julie Meyer had been a NXD. It has raised £1.4 million for a cloud-based contact centre big data firm.