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Digital Horizon Launches Second Venture Fund

Digital Horizon is launching of its second venture fund with a target of $200mn. 

The first fund, which opened in 2019, is completing the investment stage;.its portfolio contains more than 20 companies including Klarna, team management platform Monday.com, data streaming platform Ably, retail analytics platform Trax and InsureTech companies Cuvva and Obligo.

Digital Horizon’s new fund will retain a specific focus on the fintech and corporate software sectors; DH will adopt a multi-stage approach and invest in companies at all stages of the startup cycle.

“We are delighted to launch our second fund, following an oversubscribed first fund,” said Alan Vaksman, Founder and Managing Partner of Digital Horizon. “In our first fund we moved away from the traditional venture approach and invested in companies at various stages from Round A to D. Investing in early stage startups can mean double-digit multiples, but this is “long” money, locked in for seven or more years. In later stage investments, the return on investment occurs in just one or two years, but growth slows to an average of 2-4x. A multi-stage fund provides high returns while enabling the investors shorter investment horizon and liquidity. Our new fund will adopt the same approach. As an investment company which combines venture fund and venture builder teams, our team has a unique combination of investment and product building expertise. This allows us to comprehensively evaluate businesses that we are considering adding to the portfolio from both a financial and technical point of view, in a way that others cannot."

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