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…
