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Axon eyes new digital tech fund targeting Spanish businesses

7 Mar 2014

circuit_board_lrgSpanish venture capital firm Axon Partners has reportedly launched a new fund aimed at digital businesses in the country.

The ICT Fund II vehicle will target the Andalucian region according to unquote, which said it would concentrate on the information and communications technology and digital tech sectors.

Axon currently has about €10m thanks to commitments from the Joint European Resources for Micro to Medium Enterprises, among other investors.

Last summer Axon and Bonsai Venture Capital led a €2.8m investment round for Barcelona-based social gaming business Akamon Entertainment.

The company said this is one of the largest first rounds in the online sector in Spain. It plans to use the funding to finance international expansion, research and development and the launch of new games for mobile devices.

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