Sifted: VCs love to invest in software companies, but it isn’t every day that they buy them. Yet today, German fund of funds Equation is announcing its acquisition of VC fundraising software startup Betterfront Technologies. Both companies are based in Munich and declined to share details of the acquisition.
Equation backs up-and-coming European VC managers, while Betterfront helps digitise the VC fundraising process by letting managers share docs and track record analytics with potential LPs. Betterfront has also developed a marketplace for the sale of stakes in VC funds, known as secondaries.Read Article Press Release