The venture capital firm says the funds will be utilized to boost the VC’s portfolio and back the global scaling of early-stage startups
Vienna-based early-stage VC Speedinvest has closed its fourth early-stage fund, Speedinvest 4, at €350 million (around $380 million), surpassing the initial goal of €300 million ($325 million). This follows the final €50 million ($53.93 million) close supported by a number of new institutional investors, including Aviva, PwC Germany, Bitburger, ODDO BHF and Abeille Assurances Ventures.
Long-term investors the European Investment Fund (EIF) and first-time investors Generali also joined the close alongside government funds, banks, insurance firms, pension funds and large family offices. Speedinvest’s portfolio companies include Bitpanda, GoStudent, Billie, Planetly, TWAICE and Yokoy. Some of the founders of these companies have also backed Speedinvest’s new fund.
The venture capital firm says the funds will be utilized to boost the VC’s portfolio and back the global scaling of early-stage startups. Already, multiple investments have been made across Europe via Speedinvest 4. Speedinvest’s total AUM now exceeds €1 billion ($1.08 billion).
Some notable investments via the fund include Finres (fintech, France), Surfboard (SaaS and infra, U.K.), Fertifa (health and biotech, U.K.), Cylib (deep tech, Germany), Neocarbon (climate and industrial tech, Germany) and Fairlyne (marketplaces and consumer, France).
In times where access to capital in our industry has been the scarcest in the past 10 or more years, reaching this landmark is an amazing testament to how investors share our vision of creating a pioneering, pan-European investment platform, which is both scalable and highly impactful for our portfolio firms, our LPs, and the wider European ecosystem, Speedinvest’s Chief Executive Officer 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 focuses its early-stage investments in six dedicated vertical teams: deep tech, fintech, health and biotech, marketplaces and consumer, climate and industrial tech, and SaaS and infrastructure. According to the company, over 60% of its European startup investments reach Series A after backing them at the pre-seed and seed stage. It is also ranked among the most active seed investors in European unicorns.