Bauer Media, one of the biggest media companies in Europe , has set up a €100 million fund to be invested in European digital businesses over the next ten years. The fund will be operated via a new VC arm, called Bauer Venture Partners (BVP).
BVP is looking for best in class tech companies and do not exclude any specific branches. They also say they are “We are stage-agnostic”. They will finance businesses in different stages (seed, early-stage, growth). They are looking for highly scalable business models in Europe.
Andreas Schoo, Member of the Executive Board of the Bauer Media Group, said the fund will give them access to “new technologies, teams and innovations in the digital field.”
Thomas Preuss, previously of German early-stage VC firm Neuhaus Partners, will act as managing partner for Bauer Venture Partners.
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