London-based venture capital firm InReach Ventures has just declared the closing of new €53 million funding for European tech startups. The VC firm was founded in 2015 by Roberto Bonanzinga (former Balderton Capital General Partner), Ben Smith (former U.K. Engineering Director at Yammer) and John Mesrie (former General Counsel at Balderton Capital).
AI-powered efficient flow of capital
InReach Ventures through its AI-driven technology — ‘DIG’ — facilitates potential startups with smart channeling of funds. Till date, the company has empowered eight startups including Oberlo (Lithuania), which was later acquired by Shopify, Soldo (Italy/UK), Tutorful (U.K.), Shapr3D (Hungary), Traitly (Sweden) and Loot (Germany).