The former sequence partner closes the European Technology Fund at $ 400 million

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The former Sikoya Capital partner is scheduled to launch the Silicon Valley company after the bitter Battle of the Board of Directors in Clarna, the UK’s investment capital fund at a value of $ 400 million.

Miller Miller collects money from institutional investors in recent months, according to people familiar with the moves, seeking to become one of the best individual investors focusing on support Emerging companies in the field of European technology.

He has already received at least $ 355 million from institutional investors, according to one of the persons familiar with this issue, while aiming to reach the size of the final fund of about $ 400 million, and will also include support from entrepreneurs.

Miller Sikoya left earlier this year, but he still represents the company in certain councils, according to those familiar with the matter. In March, the UK’s corporate files showed that Miller created a new entity called Ivantic Capital. Sequoia participates in the box, and the persons familiar with the deal added.

Previously, he was leading the expansion of Sikoya in Europe, which helped open the company’s office in London in 2020. However, he announced that he would leave Sikoya last year In the Battle of the Board of Directors in ClarnaSwedish purchase group, payment set.

Miller joined the KLARNA board at the beginning Michael Moritz. Steelof Botha’s administrative partner supported Miller, but the company aborted this effort, and Miller instead Put on his position On the Clarna’s painting.

The new Miller Fund in London will focus on supporting start -up companies in the field of technology in areas including artificial intelligence infrastructure and technology in the middle stages of development or the so -called investment in the series B.

The box will be one of the largest VC companies in Europe run by one capital, and it is also one of the largest new launch operations in this sector in a fundraising market.

The last large launch operations for the first time in the past year included the new European Capital, which was mentioned by the Financial Times times as You seek to raise At least 600 million euros to support local startups.

Miller joined Sequoia from Goldman Sachs in 2012, and startups, including DBT Labs, Grafana, and UK Chipmaker Graphcore Sell to Softbank last year.

Europe was generally considered backward from the United States when it comes to the production of leading leading startup companies.

However, the market has been raised by a group of relatively new artificial intelligence companies such as lovableand mistakeSynthesia and Deepl- in addition to the Helsing Technology Group, which raised money in billions of dollars.

Miller and Sequoia refused to comment.