[ad_1]
Vienna-based early-stage VC Speedinvest has closed its fourth early-stage fund, Speedinvest 4, at €350 million (approximately $380 million at current exchange rates), exceeding its initial target of $300 million. exceeded the euro ($325 million). This follows his final €50 million deal, which was backed by several new institutional investors including Aviva, PwC Germany, Bitburger, ODDO BHF and Abeille Assurances Ventures.
In addition to government funds, banks, insurance companies, pension funds and large family offices, long-term investor European Investment Fund (EIF) and new investor Generali also participated in the closing. Speedinvest’s portfolio companies include Bitpanda, GoStudent, Billie, Planetly, TWAICE, and Yokoy. Some of the founders of these companies are also backing SpeedInvest’s new fund.
The VC firm says the funding will be used to strengthen its VC portfolio and support early-stage startups in their global expansion. Several investments have already been made across Europe through Speedinvest 4. Speedinvest’s total assets under management currently exceed €1 billion.
Notable investments through the fund include Finres (fintech, France), Surfboard (SaaS and infrastructure, UK), Fertifa (health and biotech, UK), Cylib (deeptech, Germany), Neocarbon (climate and industrial technology, Germany). Fairlyne (Market and Consumer, France).
“Reaching this milestone at a time when access to capital is at its lowest in our industry in more than a decade is a great opportunity to build a pioneering pan-European investment platform that is highly scalable and scalable. “This is incredible evidence of how our investors share our vision of ” Speedinvest CEO and Managing Partner Oliver Holle said in a statement.
With more than 40 investment managers in Europe and offices in Berlin, London, Munich, Paris and Vienna, Speedinvest has six specializations: Deep Technology, FinTech, Health and Biotechnology, Markets and Consumers, and Climate and Industry. We focus early-stage investments on vertical teams. Technology, SaaS, and Infrastructure. According to the company, more than 60% of startup investments in Europe reach Series A through pre-seed and seed stage support. The company also ranks among the most active seed investors in European unicorn companies.
Madani Safsaf, Head of Abeille Assurances Ventures, said: “By injecting capital into this final transaction, we strengthen our position as an investor in the European technology landscape and foster a culture of innovation in our business. “We will deliver cutting-edge solutions to our customers and stakeholders.” In a statement.
Outside of Europe, Speedinvest operates in Africa (Egypt, Kenya and Nigeria). Middle East (UAE and Saudi Arabia). Latin America (Brazil, Colombia, Mexico); South Asia (India and Pakistan).
[ad_2]
Source link
