Speedinvest launches €190 million fund to invest in early-stage European tech startups | EU-Startups
Summary
Today Speedinvest, a European venture capital fund with offices in London, Berlin, Vienna, Munich and San Francisco, has raised €190 million for its third flagship fund, surpassing its original target ahead of schedule due to high investor demand. Unlike typical European venture capital funds managed by small partnerships or teams, Speedinvest has 40 investment professionals working across five, sector-focused investment teams, along with 20 operational experts providing portfolio companies with full-service HR, growth marketing, business development, and US expansion support. Working from five cities across Europe, and writing initial tickets from €50K up to €1.5 million, the sector-focused investment teams will invest in fintech, deeptech, marketplaces, industrial tech, digital health and consumer tech startups, supplying the selected early-stage businesses with the time, sector expertise and value-adding operational resources they need to scale. And we invest heavily in the resources required to back it up.” The €190 million fund sets aside €100 million in follow-on funding to enable Speedinvest to double-down on its most promising companies, while continuing to draw on its global network of Tier 1 lead investors for follow-on rounds. Scheduled to be finalised in Q2 2020, major commitments include EIF, ERSTE Bank, and US based NEA, one of the world’s largest venture capital firms.