The Tech and Newmedia focused seed-stage Monarch Tech fund, completed its second round of funding

The fund, which was raised from undisclosed high-net-worth individuals and entrepreneurs, invests €200,000 to €300,000 in syndicated seed rounds in tech, music, newmedia, consumer and ecommerce sectors, while holding additional funds for follow-on funding. The firm’s first seed-stage fund of just under €8 million was raised almost two years ago and boasts six exits so far. The Monarch Tech Venture Fund will be used to scale the next wave of startups ushering in the future of mobile, music, newmedia and online TV. The Monarch Tech Fund began investing in 2012 in, what was then, seen by many as a relatively niche focus of only newmedia and mobile companies. Since then it has done more early stage newmedia deals than any other fund of its size. “Our knowledge and unparalleled network in tech, newmedia, consumer and the mobile ecosystem is what sets our Tech Fund apart, and we are excited to continue to fuel amazing entrepreneurs who leverage new technology to change the way we live,” says Monarch founding general partner Bonno van der Putten. “Our international presence in both London and Barcelona allows us to find the best up-and-coming startups for us to help scale into the next hot tech and mobile trends.” The Monarch Tech fund is the first independent seed stage venture firm investing exclusively in tech, newmedia and mobile technologies. The Fund was founded on the belief that the greatest technological catalyst of our time is the proliferation of Internet-enabled devices providing constant connectivity to the majority of the world population