Venture capital fund Speedinvest has raised €500 million to help European startups ‘scale to global success’.
It says 90% has already been committed by the fund’s investors.
€300m is being invested into innovative new pre-seed and seed tech startups through its fourth flagship fund, Speedinvest 4, while the remaining capital is reserved for selective follow-on co-investments in existing Speedinvest portfolio companies to support their long-term growth.
With previous funds delivering more than 5x gross returns, all institutional investors from Speedinvest 3 have returned. Major commitments include New Enterprise Associates (NEA), the European Investment Fund (EIF), and Bpifrance, alongside globally recognised government funds, banks, insurance companies, pension funds and large family offices.
Many of Speedinvest’s most successful founders have also committed funds, including from Bitpanda, GoStudent, Billie, Planetly, TWAICE, and Yokoy.
In total, this new capital will bring Speedinvest’s assets under management to more than €1 billion.
With 40+ investors across the continent and offices in Berlin, London, Munich, Paris and Vienna, Speedinvest has built the largest seed stage investment team in Europe.
“In just 10 years, Speedinvest has grown from a small €10m Austrian fund to one of Europe’s largest seed investors,” said Oliver Holle, CEO and managing partner. “This new capital proves there is still room to innovate in European VC. As more and more capital and talent floods the ecosystem, further professionalisation of our industry is required.
“We have invested everything we have in building a scalable investment platform and are glad to see that our founders truly appreciate and benefit from its value. Whether it is our sector-focused teams, our operational support platform, or our multi-office, pan-European approach, all of this is done with one single-minded focus: helping our startups scale to global success.”
Speedinvest LPs have also committed €200m to further support its most successful portfolio companies as they continue to scale, co-investing alongside the world’s very best growth funds.
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