Funding

Project A Closes Oversubscribed €325Million Fund V Bringing Total Assets To €1.2B

Jun 24, 2025 | By Kailee Rainse

European VC firm Project A has closed its oversubscribed €325 million Fund V, bringing its total assets under management to €1.2 billion.

SUMMARY

  • European VC firm Project A has closed its oversubscribed €325 million Fund V, bringing its total assets under management to €1.2 billion.

Project A supports Europe’s most ambitious founders at the Pre-Seed and Seed stages—and even earlier through its Studio platform. The firm currently backs a portfolio of 130 companies across various sectors.

“Our conviction in the transformative power of European entrepreneurship is stronger than ever,” said Malin Posern, Partner at Project A.

“Europe is poised to cultivate the next generation of globally significant companies, and this new Fund underscores our deep commitment to being a pivotal partner for these ambitious founders offering both the essential capital and the deep operational understanding required to navigate their foundational journey.”

Since its launch in 2012, Project A has backed several unicorns across all its funds, including Trade Republic, sennder, ZEPZ, and the latest addition, Quantum Systems.

The firm specializes in helping founders hit key early milestones—like making their first hires or raising a strong Series A from top global investors such as Accel, Benchmark, and Sequoia.

Read Also - Lyceum Secures €10.3 Million To Redefine Cloud Infrastructure In Europe

Project A’s investment approach balances wide exploration of innovation with deep expertise in critical sectors, helping the team stay focused, forward-thinking, and ready to back the next generation of standout startups.

Its partners bring strong domain knowledge in areas shaping Europe’s future: European resilience, fintech, autonomous work, and global supply chains.

For founders still shaping their ideas, Project A offers hands-on support through its Studio platform, helping with idea validation, team building, and early product-market fit. Startups like 11x, ARX Robotics, ENAPI, and Montamo started here and later secured Pre-Seed funding from Project A.

"Our fundamental approach at Project A is to be an indispensable partner for founders from their earliest days," emphasised Anton Waitz, General Partner at Project A.

"Through our focused pre-Seed and Seed strategy, plus our unique Studio model, we provide not just crucial initial investment but the practical operational resources and deep expertise necessary to navigate the initial complexities and build scalable, impactful businesses.."

Fund V was highly oversubscribed and closed quickly—raised in just four months.

It attracted a diverse group of both new and returning LPs, including institutional investors, family offices, and strategic partners from Europe and the US. Many of them have backed previous Project A funds as well.

Project A is also expanding its presence in the UK. Jack Wang has been promoted to Partner and will join Malin Posern in leading the firm’s growing London office.

About Project A

Founded in 2012, Project A is an early-stage VC firm that partners with Europe’s most ambitious founders to help build and scale the next generation of impactful startups.

Recommended Stories for You