Former Sequoia Capital Partner Matt Miller is launching a £400 million UK venture capital fund, Evantic Capital, after a contentious departure from the firm amid a boardroom battle at Klarna. He has raised at least $355 million from institutional investors, aiming to focus on mid-stage tech startups, particularly in AI and technology infrastructure, making it one of Europe’s largest solo-run VC funds.
Explain It To Me Like I’m 5: Matt Miller, who used to work at a big company called Sequoia Capital, is starting a new fund to help tech businesses in Europe grow, and he has already raised a lot of money to do it.
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