# Nauta Tech Invest IV

> Nauta Tech Invest IV launched with a roughly €60M first close announced September 2015 and reached €155M in total commitments by its April 2017 final close. The manager also reported the final total as $170M. Nauta describes this as the 2016 vintage; that label is not a second fund. It had backed eight companies by close, spanning European and US capital-efficient B2B software.

## Profile

- **Stage-based planning range:** $1M–$10M
- **Check-size evidence basis:** estimated
- **Founded:** N/A
- **Headquarters:** London, Barcelona and Boston
- **AUM:** N/A
- **Rounds they lead:** N/A
- **Rounds they invest:** Seed, Series A

## Links

- [Website](https://www.nautacapital.com/)

## In-depth investment analysis

## Funding chronology — first versus final close

**Nauta Tech Invest IV** is the fourth legally numbered vehicle. The [British Business Bank's September 16, 2015 announcement](https://www.british-business-bank.co.uk/news-and-events/news/british-business-banks-vc-catalyst-fund-invests-in-nauta-capital) confirmed the first close and used the contemporaneous equivalent **$70M**; Spanish reporting described that same first close as **€60M**. Both refer to the **same initial fund milestone**, not two separate commitments.

Nauta's [April 20, 2017 announcement](https://www.nautacapital.com/news-insights/nauta-2016-fund-final-close) reported a **$170M final close** for its **2016 vintage** fund, after the initial 2015 close. The fund-structuring [law firm's account](https://www.legal-monitor.com/news/king-wood-mallesons-advises-nauta-capital-structuring-and-close-its-fourth-fund) identifies the actual named vehicle and **€155M commitments**. These EUR/USD headlines are the same fund, not two funds or additional rounds. The 2017 final amount **includes** the 2015 first close; summing them would double-count. Although a 2016 vintage is used in manager material, the first close was announced in 2015.

## Mandate and investment history

Nauta pursued capital-efficient B2B software, digital media and enabling internet/mobile technology across Western Europe and the US. By the April 2017 close, the manager [named eight investments](https://www.nautacapital.com/news-insights/nauta-2016-fund-final-close): CloudIQ, BeMyEye, ChannelSight, Nextail, Geoblink, Lodgify, Content Raven and Connected2Fiber. The ambition to reach around 25 portfolio companies is a **plan**, not proof of 25 completed investments.

### A founder's route to the fund (illustrative)

1. Build a working B2B software product for a clearly demonstrated customer need and document customer adoption rather than just a market-size slide.
2. Explain how the business can scale with disciplined capital use; Nauta's stated approach at the time stressed capital efficiency rather than financing growth for its own sake.
3. Present unit economics and the initial Series A investment need to the team operating in the relevant market.
4. If the firm invests, determine governance, milestones and follow-on reserve requirements through actual signed terms—not a presumed standardized fund contract.

This describes the historic investment process, **not hands-on testing or a current open subscription offer**. LP eligibility, fund fee/carry terms, investment returns, and individual LP commitment sizes are not supplied by the cited releases. See [Nauta Capital](/fund/nauta-capital), [Fund V](/fund/nauta-tech-invest-v), and [Fund VI](/fund/nauta-fund-vi).

## Research sources

- [British Business Bank first-close notice, September 16 2015](https://www.british-business-bank.co.uk/news-and-events/news/british-business-banks-vc-catalyst-fund-invests-in-nauta-capital)
- [Nauta manager final-close statement, April 20 2017](https://www.nautacapital.com/news-insights/nauta-2016-fund-final-close)
- [Fund legal adviser confirms vehicle and EUR commitments](https://www.legal-monitor.com/news/king-wood-mallesons-advises-nauta-capital-structuring-and-close-its-fourth-fund)
- [Contemporaneous EUR first-close reporting](https://www.lavanguardia.com/20150916/54435287411/nauta-consigue-60-millones-para-arrancar-su-cuarto-fondo-mar-galtes.html)

**Research verified:** 2026-11-07

**By:** [Venture Capital Tracker](https://venturecapitaltracker.com/editorial-policy)

**Editorial note:** AI tools assisted with research, structure, or drafting. Venture Capital Tracker retains human editorial responsibility for factual accuracy, relevance, and source quality before publication.

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Source: https://venturecapitaltracker.com/fund/nauta-tech-invest-iv