Thee months after making its first venture investment, Bauer is following the lead of competitor Axel Springer by launching a dedicated fund that will focus on software.
Germany-based media company Bauer Media launched a corporate venturing fund called Bauer Venture Partners yesterday that will invest €100m ($134m) in European technology start-ups over the next decade.
Bauer has already begun investing, participating in a $6.7m round series A round raised by digital health company Lifesum in April. However, the establishment of a dedicated fund shows the company has more concrete plans for venture capital investment and follows the lead of German media rival Axel Springer, which already runs…
