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Celtic House Raises $225M Fund

Celtic House Venture Partners closes its third fund with £120M

March 21, 2005

1 Min Read

LONDON -- Celtic House Venture Partners (Celtic House), the Anglo-Canadian early-stage technology venture capital firm, announced today it had closed its third fund with £120 million (US$225 million) in capital from European, US and Canadian investors.

Celtic House which is based in London, Ottawa and Toronto began fund raising in June of 2004 for its third fund, targeting US$200 million. “We are delighted that Fund III has been significantly oversubscribed,” said Roger Maggs, Partner and Founder of Celtic House Venture Partners. “It represents a big endorsement of the Celtic House investment model."

With all the institutional investors from Fund II returning to participate in Fund III, Maggs commented, “One of our main objectives when raising this fund was to broaden our geographical base of investors to include top-tier international investors from across Europe and North America. Not only did we achieve this but simultaneously we maintained the involvement of all the institutions involved in Fund II. The venture market environment has been tight for some time but the timing of this Fund demonstrates that conditions are easing for good propositions with a solid record.”

“Celtic House is one of the leading venture capital firms with a unique geographical focus on both the United Kingdom and North America,” said David York, partner of the San Francisco-based Paul Capital Partners. “The firm has a collaborative investment style that appeals to entrepreneurs and achieves impressive portfolio returns.”

Celtic House Venture Partners

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