Speedinvest x is a new micro VC fund that will invest in European early-stage marketplace startups
Summary
This will range from €200,000 to €1 million in European entrepreneurs who are building the platforms and marketplace businesses of tomorrow and/or technologies that enable them.Aside from a marketplace vertical or technology requirement, the new micro VC says it remains completely sector-agnostic and will back “network effects-powered” platform businesses of any type.Michael Schuster, Managing Partner at Speedinvest, says that “verticalization” will have a significant and positive impact on founders, LPs and the firm’s investment team.“Founders can access a vast pool of experience from some of the most successful marketplace models in recent years,” he says, citing the likes of Lieferando, SpotHero, CouchSurfing, Shpock, Xeneta, wikifolio, StarOfService, and Tourradar.Adds Ockenfels: “I have a strong conviction that the ‘platform trend’ is here to stay and has actually just begun: Centralized or decentralized marketplaces will continue to “eat the world” enabled by new technologies in areas that we cannot even imagine today.