Chase, Episode-1 to open $100 million European e-commerce fund

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New York--Chase Manhattan Bank subsidiary Chase Capital Partners and Episode-1, a London venture capital firm, will launch a $100 million fund to bankroll Europe-based e-commerce start-ups. The fund will focus primarily on the business-to-business marketplace, said Ian Oxley, Chase Capital's investment manager-Internet. The fund will make stage-one financing investments ranging from $1 million to $10 million.
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