HomeAustriaSpeedinvest Closes Fourth Flagship Fund at €350M

Speedinvest Closes Fourth Flagship Fund at €350M

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Speedinvest, a Vienna, Austria-based early stage venture capital firm, closed its fourth flagship fund, at €350m.

LPs include Aviva, PwC Germany, Bitburger, ODDO BHF, Abeille Assurances Ventures, the European Investment Fund (EIF), Generali, globally recognized government funds, banks, insurance companies, pension funds, and large family offices. Many of our founders have also committed funds, including from Bitpanda, GoStudent, Billie, Planetly, TWAICE, and Yokoy.

Speedinvest 4 brings the total assets raised for our fourth fund generation to more than €600m, which includes follow-on vehicles to provide long-term funding to its existing portfolio. In details, the firm held the first close for the fund in December 2022 at €300m. An additional €250m was also raised in 2022 for selective follow-on co-investments in portfolio companies, bringing the 2022 vintage, including the additional €50m announced today, to approx. €600m.

With 40-plus strong team members located in Berlin, London, Munich, Paris, and Vienna, are distributed across six dedicated verticals including Climate Tech & Industrial Tech, Deep Tech, Fintech, Health & TechBio, Marketplaces & Consumer, and SaaS & Infrastructure. 

The fund has already made investments across Europe, including Finres, Surfboard, Fertifa, cylib, NeoCarbon, and Fairlyne. A majority of these companies have already raised follow-on rounds from tier-one VCs.

Commenting on the close, Oliver Holle, CEO and Managing Partner, said: “Now more than ever, Speedinvest remains committed to its sole mission: helping companies build their category-defining business in the early days – when it matters the most. This incremental capital gives us even more firepower to support our courageous, innovative entrepreneurs in their journey to global success as we stay consistent with our target portfolio size. In times where access to capital in our industry has been the scarcest in the last ten or more years, reaching this milestone 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 companies, our LPs, and the wider European ecosystem.

VCWire

31/01/2024