Pan European VCs venturing into the US may be a trend which will have a tough time catching on in the next few years. Within four months of opening a US office back in July, pan-euro VC DN Capital has seen one of its investments shutter.
Stock photography startup Digital Railroad reduced its staff and was “aggressively pursuing additional financing and/or a strategic partner” but last week closed all operations. DN Capital went into a joint $10m Series B round into the company in February last year.
DN Capital tends to look to invest €1-10 million per company from seed to growth equity/development capital rounds in software and digital media companies with investment activities are in the UK , France, Germany and Scandinavia. DN Capital has invested in Shazam and gaming company Digital Chocolate, among others.
However, Steve Schlenker, Managing Partner and co-founder of DN Capital, will no doubt stay over in the Palo Alto office, working with with DN Capital co-founder Nenad Marovac, who remains in London.
In the light of the unfortunate demise of Digital Railroad, Canadian Based Lightbox Photo™ is stepping forward to offer it’s photo gallery software as the alternative solution – with a 15% discount on all purchases made during November. Photographers can create dynamic e-commerce enabled image websites empowering them to present their work how they want, where they want and when they want.
Lightbox Photo™ allows users to create their own stock photo libraries or online proofing systems, meaning no more commissions to third party providers.
For further information please visit http://www.lightboxphoto.com