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ISSUE – Sep. 09| B2B-focused venture capital firm DNX Ventures raises $315M for third fund

DNX Ventures, a San Mateo, California-based venture capital firm that backs business-to-business technology startups in the U.S. and Japan, has closed a $315 million third fund to make more investments. DNX Ventures said in the announcement today that it plans to write checks ranging from $1 million to $5 million to early-stage B2B startups. The firm is looking to make bets in multiple segments, including software-as-a-service, cybersecurity and financial technology.

DNX Ventures’ newly announced fund is the latest indicator that the B2B segment continues to draw significant investor interest despite the recent declines in global venture capital activity. The fund is at least the third announced since the start of July that focuses specifically on early-stage business technology companies. Earlier, Berlin-based La Famiglia raised 50 million euros to bet on emerging B2B startups and London’s Nauta Capital closed a 150 million euro fund. [ Siliconangle ]

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