A new venture capital fund has been created to provide cash for
British early-stage new-media ventures. The fund, called Amadeus, is run
by Herman Hauser, founder of Acorn Computer. It has around œ30m to invest,
and has attracted funding from Microsoft, among others. Hauser said the
fund had been launched to fill the funding gap for young UK new-media
ventures, claiming that less than five per cent of British venture capital
is currently early-stage.