Proskauer represented DN Capital on closing its fourth venture capital fund, DN Capital – Global Venture Capital IV LP, with €200 million in commitments.

The fund is dedicated to investing in seed-stage and series A-level startups in Europe, with an emphasis on Germany and the UK as well as selective investments in France and the Nordics. Remaining investments will be in the U.S., primarily in Silicon Valley.

DN Capital is a global early stage and growth capital investor with offices in London, Berlin and Menlo Park. It invests in marketplaces, fintech, software-as-a-service, digital media, e-commerce, mobile applications and digital health companies. DN Capital has raised €400 million in committed capital and has invested in approximately 60 companies since 2000.

The Proskauer team was led by partners Edward Lee and Kate Simpson and included partner David Tegeler and associates Kim Mai Nguyen and Louis Sorgi (Corporate); partners Mary Kuusisto, Catherine Sear and associate Greg Branagan (Tax) and special regulatory counsel John Verwey (Regulatory).

Proskauer offers a full suite of services for the investment management industry, with a market-leading global team dedicated solely to advising asset managers, investment funds and their advisers, financial institutions and institutional investors across the asset class. The cross border team of over 130 lawyers is based in the U.S., UK, Asia and Latin America and includes specialists in tax, ERISA, regulation, financial services, employment, insurance, fund finance, litigation and risk management who understand the unique technical and commercial issues relevant to investment managers.