Deals

Europe’s newest VC firm, Station 12, focuses on media, entertainment

Bond. James Bond.

Above: Bond. James Bond.

The European VC scene is getting creative in coming up with themes for its funds. Please welcome one focused entirely on growth-stage opportunities in media and entertainment and media technology companies.

Station 12 is a new British venture capital firm that is raising a first growth and expansion fund of £150 million to invest in the above two categories. Patrick Bradley, the former chief executive of Ingenious Ventures, is leading the firm.

“The team will invest in companies ranging from television, film, publishing, and live entertainment, through to marketing services, e-commerce, digital content, gaming, fashion, and design,” the firm said in an official statement.

The new fund’s focus is a natural one for Bradley: He ran the venture arm of Ingenious and personally led investments in Lionhead Studios (eventually sold to Microsoft), Digital Rights Group (sold to Modern Times Group in 2013), and Cream (a dance music festival sold to LiveNation).

The company also said that it has already identified a “pipeline of potential investments” and will start investing with an initial average of about £10 million per deal.

Europe has been seeing a lot of venture capital firms and funds pop up recently, including Hoxton Ventures, Balderton Capital, and a Europe-and-Israel focused fund from Accel Partners. LinkedIn’s Konstantin Guericke also joined Berlin-based Earlybird Venture Capital.

Interestingly, the company is named after a U.K. intelligence hub of the 1940s — likely an implication that the firm intends to keep its finger on the venture pulse.