European start-up fund launches

Hoxton Ventures has raised $40m (£24m) for a fund to invest in early-stage European technology companies, with the aim of emulating the booming start-up scene in the States. “We are very happy to be contrarian investors concentrating on European entrepreneurs. We think this is a poorly served geography,” said Hussein Kanji, a founding partner at Hoxton. However, the group said it expects to act as a “bridge to the US market” for its targets.