A group of media entrepreneurs have teamed up to form an investment fund for European digital start ups. The co-founders of Bebo and lastminute.com, along with the founders of Freedom4Group and LongAcre Partners, have set up venture capital firm PROfounders Capital. Michael Birch, founder of social network Bebo, said that the fund is "an opportunity to help nurture new initiatives when digital is becoming part of the fabric of our daily lives".
To read more on this go to:
http://www.profounderscapital.com
www.ukba.co.uk
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