Speedinvest has raised €190 million to invest in early-stage start-ups across FinTech, deep tech, marketplaces, industrial tech, digital health and consumer tech.
The European VC’s third flagship fund was oversubscribed and increases its total assets under management to more than €400m.
With offices in London, Berlin, Vienna, Munich and San Francisco, 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.
It writes initial tickets from €50k up to €1.5m.
One of the UK’s top-rated FinTechs, Curve recently announced its first US office in Brooklyn, New York.
Recent arrival Paul Harrald claimed Curve can rival Klarna, the Swedish consumer credit platform currently valued at $5.5bn.
CEO Oliver Holle said: “Having been a founder myself, I have a clear view on value creation by investors. You need to deliver sector-specific, operationally relevant input that goes far beyond boardroom advice and cash.
“In our experience, the best way to do that is to be face-to-face with our founders. That is our mission and our promise to founding teams across Europe. And we invest heavily in the resources required to back it up.”
Speedinvest’s portfolio includes some of Europe’s fastest growing tech companies, such as wefox (€235m Series B), TIER Mobility (€55m Series B) and Curve (€50m Series B), along with rising stars CoachHub, TWAICE, Billie, TourRadar, Inkitt and Luko.
Julian Teicke, Founder and CEO of wefox Group, says: “Speedinvest has been a value-add partner from the very beginning. They not only helped us establish a successful framework for testing and optimizing our growth and marketing strategy, but have also been instrumental in our international expansion efforts.”
Lawrence Leuschner, Co-Founder & CEO of TIER Mobility, said: “Speedinvest has been instrumental in getting us in front of the right investors and helping us to secure significant follow-on funding quickly.”