Late-stage investor Kennet Partners closes third fund
Kennet Partners, a venture firm that invests in later-stage technology startups, has closed a third fund of $315 million.
The firm, which is based in London and Silicon Valley, invests in both American and European companies from a single portfolio. Past investments include Paragon Software (acquired by OpenWave) and Altitun (acquired by ADC for around $1 billion).
Kennet has already announced two investments with this third fund: European company Telemedicine Clinic, and remote support company NTRglobal, which announced a $34 million round in June.
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Anthony is a senior editor at VentureBeat, as well as its reporter on media, advertising, and social networks. Before joining the site in 2008, Anthony worked at the Hollister Free Lance, where he won awards from the California Newspaper Publishers Association for breaking news coverage and writing. He attended Stanford University and now lives in San Francisco. Reach him at anthony@venturebeat.com. (All story pitches should also be sent to tips@venturebeat.com) You can also follow Anthony on Twitter.
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