Latest News

Digital Spring Ventures raises $120 million to support the rapid growth of next generation emerging market technology companies

Digital Spring Ventures LLP (“DSV”) is pleased to announce the closing of Digital Spring Ventures I LP (“DSV I” or the “Fund”). DSV I has secured investor capital commitments of over $120m at first closing and is expected to reach $150m of commitments upon its final closing. DSV I is a growth capital investment fund, investing in next generation internet, IT and tech companies in some of the fastest growing emerging economies in the world.

Commenting on first closing of the Fund, Patrick Vosgimorukian, Managing Partner of DSV, said “DSV is excited to announce the arrival of DSV I. The successful first closing of our Fund, supported by a diverse range of investors, provides us with a significant capital pool to support some of the most exciting, and under-valued, young technology businesses in the world. Our highly experienced team has a deep track record across tech sectors and emerging market investing; through our wide networks across our target geographies, we are uniquely placed to meet the capital needs of best in class emerging market entrepreneurs operating in internet economies that are on the cusp of transformative expansion”.

DSV I will invest in selected high growth economies across the CIS region, Sub-Saharan Africa, the Middle East and Southeast Asia. These specially selected target markets have been identified by DSV as possessing the key macro-economic and demographic characteristics necessary to facilitate the development of vibrant IT-internet ecosystems in the near term. Within these target markets, the Fund will focus on seeking investments within a number of core sectors which have repeatedly proven to be early winners in a developing internet ecosystem. Due to shortages of growth-supporting capital in these markets, DSV expects the Fund to be able to secure highly attractive opportunities.

Digital Spring Ventures is a leading emerging markets growth capital fund manager led by an experienced, highly successful multi-disciplinary management team. Consistent with the innovating philosophy central to the team’s culture, DSV was the first growth equity fund manager to be authorized and regulated by the Financial Services Regulatory Authority of the Abu Dhabi Global Market (the “ADGM”). Noting the successful first closing of DSV I – an ADGM closed-ended fund - Mr Wai Lum Kwok, Executive Director (Capital Markets) of the Financial Services Regulatory Authority of the ADGM added “We congratulate Digital Spring Ventures on the successful closing of its fund. As an internationally recognised Financial Services Regulator, the FSRA will continue to foster a trusted, well-regulated and efficient funds platform for fund managers such as Digital Spring Ventures to launch their products, and serve the needs of investors and businesses seeking capital”.

For further information on the Fund, or if you’d like to find out more about us or discuss any opportunity, please contact us at press@dsventures.com.