speed InvestThe European VC within the seed stage space, which was began from Vienna and has since had places of work in London, Berlin, Munich and San Francisco, launched a brand new fund within the quantity of 190 million euros. The corporate's whole belongings below administration quantity to greater than EUR 400 million.

As SpeedInvest described its third fund as "oversubscribed" and prematurely, the scope of SpeedInvest stays largely unchanged. The VC has issued preliminary checks of between EUR 50,000 and EUR 1.5 million, however has additionally offered EUR 100 million of the fund for follow-on investments in its most promising portfolio firms.

{industry} Truthful speed Invest says it targets fintech, deep tech, marketplaces, industrial expertise, digital well being, and client tech startups – so a reasonably large order. To make this potential, the corporate has 40 funding professionals who’re divided into groups working in these 5 sectors.

As well as, the VC claims 20 "operational consultants" that supply portfolio firms "full-service HR, development advertising and marketing, enterprise improvement and US growth assist".

Speedinvest CEO Oliver Holle: “As a founder, I’ve a transparent view of the added worth created by buyers. They should present industry-specific, operationally related data that goes far past counseling within the boardroom and money. In our expertise, it’s best to fulfill with our founders in particular person. "

Speedinvest's portfolio now consists of quite a few quickly rising European expertise firms similar to Insurtech Wefox (€ 235 million sequence B), e-scooter rental Animal mobility (€ 55 million sequence B) and fintech Curve (€ 50 million sequence B). Different notable investments embrace Coachhub, TWAICE, Billie, Tourradar, Inkitt and Luko.

Speedinvest has already invested in over ten startups of this new fund.

Regardless, the corporate will strengthen its presence in France this spring, the place it has already invested in firms similar to Luko, Lemon Method, Actiondesk and FairMoney.


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