Crane, a new early-stage London VC focused on ‘intelligent’ enterprise startups, raises $90M fund

Jun 12, 2019 · techcrunch.com

Crane team photo

Crane Venture Partners, a newish London-based early-stage VC targeting what it calls "intelligent" enterprise startups, is officially outing today.

Founded by Scott Sage and Krishna Visvanathan, who were both previously at DFJ Esprit, "Crane I" has had a second closing totalling $90 million, money the firm is investing in enterprise companies that are data-driven. Sage and Visvanathan are joined by Crane Partner Andy Leaver.

Specifically, Crane is seeking pre-Series A startups based in Europe, with a willingness to write the first institutional cheque. The firm is particularly bullish about London, noting that 90% of cloud and enterprise software companies that went public in the last 8-10 years opened their first international office in London. Investments already made from the fund include Aire, Avora, Stratio Automotive and Tessian.

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