Nauta Capital launches fifth fund and backs NumberEight
Nauta Capital has launched its fifth fund, Nauta Tech Invest V, with an initial closing of €120 million.
Focusing on European B2B companies, this is expected to surpass the VC’s 2016 fund, which topped out at €155 million.
The first company to be backed from Nauta Tech Invest V is NumberEight which has raised a $2.3 million seed round. The UK-based contextual intelligence platform for mobile devices predicts consumer context to “enable the delivery of the right content at the right time while preserving user privacy by not sending or storing sensor data beyond their device”.
“The startup leverages advanced context recognition and on-device AI techniques to predict over 100 contextual signals such as ‘travelling to work on a bicycle”, thus providing mobile apps with real-time behavioural and situational consumer insights.” a press release states.
Carles Ferrer, Nauta’s London-based General Partner, says: “We have been very disciplined in backing companies that take a leaner approach; whether that is during fundraising or how they leverage cash efficiently to achieve growth.”
“At a time when we are navigating a global pandemic – where the global economy has taken a severe hit – it’s more apparent than ever that our conviction in capital-efficiency maximises sustainability and leads to greater long-term outcomes for entrepreneurs, regardless of their stage.”
Abhishek Sen, NumberEight’s Co-founder and CEO, comments: “We are very excited to have Nauta Capital lead our investment round and join their impressive portfolio of companies. Their ability to truly grasp the potential of contextual intelligence and its implications for the entire mobile ecosystem has been seriously impressive and we are delighted to have them join our team.”
