Austria’s 3VC launches its second fund worth €150 million to back disruptive and game-changing European innovators
Summary
Committed to investing in promising European tech startups with global ambitions, the venture capital firm 3VC is due to launch its second fund with a value of €150 million. Founded by General Partners Roman Scharf and Peter Lasinger in 2017, the firm has a high-conversion investment strategy that they are reaffirming a commitment to. It involves a priority of quality over quantity, making 3-4 investments per year into companies that are solving massive and pertinent proves through software, regardless of the industry or business model (B2B, B2C). With this fund, 3VC will continue to build a portfolio of healthily valued companies with strong and sustainable growth—a strategy that is yet again proving to be successful with the easy money era coming to an end and markets going back to normal. Through this early engagement, I realised how keen 3VC is to support scalable European startups and invest in ambitious teams with excellent execution.