California-based Top Tier Capital Partners (TTCP) announced that it has closed approx €260M in new capital dedicated entirely to Europe with support from UK government-backed BBI as an LP. The firm mentioned that the capital exceeded its target of €250M.
This capital builds on the nearly $1.2B (approx €991.3M) raised for Top Tier Venture Capital IX, Top Tier Venture Velocity Fund 3, and related separate accounts, bringing the total capital committed across the family of funds to $1.5B (approx €1.23B). The firm has been investing in European venture capital since 2005, but this is its first dedicated fund focused on the region.