Van den Ende & Deitmers announces €107 million fund for internet companies

VC firm Van den Ende & Deitmers today announced a second investment fund of 107 million euro. The company will also go by a new name: Endeit Capital.

The new fund will  be used on growth companies in the Internet industry. More specifically enterprises in the fields of media & marketing, e-commerce educational technology and mobile.

With offices in Amsterdam and Hamburg, the fund focuses in particular on the Benelux and Germany.

“Despite the remarkable journey that the internet has already taken, we are still just at the beginning of the developments in this field”, says co-founder of Van den Ende en Deitmers, Hubert Deitmers, about htis focus.

EIF

A group of investors from the first fund of Endeit Capital also joined the second one, including Eyeworks, Metrixlab and Improve Digital. Next to Joop van den Ende himself, the European Investment Fund unsurprisingly playes a big part.

Several other entrepreneurs have also joined, including Marco Aarnink of Drukwerkdeal. The entire investment team of the company is also involved as a shareholder.

The first fund of Endeit provided capital to 20 young companies, including Albumprinter, Paylogic, Hyves, Unamic, Eyeworks, Metrixlab, Improve Digital and Centralpoint.