Management of private Germany-based media group Georg von Holtzbrinck’s corporate venturing unit have provided 7% of the €177m ($230m) committed to its fourth fund after taking the operation 100% independent.

Typically, general partners of a venture capital (VC) firm invest 1% to 3% of a fund. Martin Weber, general partner at Holtzbrinck Ventures (pictured), which spun out of Georg von Holtzbrinck as part of its latest fundraising, said his team’s €12.4m commitment came in part from the crystallization of performance fees – called carried interest – from its three previous funds being reinvested in the fourth. Last year, one of his partners, Konstantin Urban, left to form a start-up, Diapers.com, but Weber said there were no other or future team changes planned. 

Holtzbrinck Ventures has invested nearly €150m in more than 80 companies since its launch in 1999, including Proximic and Searchmetrics in the past month, and sold an…

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