Funding

[Funding alert] Speedinvest Secures €350 Million in Funding

Jan 31, 2024 | By Startup Rise EU

Speedinvest Secures €350 Million in Funding. With this additional funding, Speedinvest's total assets under management (AUM) now exceeds €1 billion. The funds will be utilized to further the company's mission of offering its portfolio the best possible support and assisting early-stage entrepreneurs in their ascent to global success.

Speedinvest Secures €350 Million in Funding. With this additional funding, Speedinvest's total assets under management (AUM) now exceeds €1 billion. The funds will be utilized to further the company's mission of offering its portfolio the best possible support and assisting early-stage entrepreneurs in their ascent to global success.

In December 2022, the flagship fund, which focuses on fresh early-stage investments, closed for the first time at a value of €300 million. With the additional €50 million announced today, the 2022 vintage will have raised €600 million, including an additional €250 million for targeted follow-on co-investments in Speedinvest portfolio firms.

Read also -  Netherlands-based Tidal Control Secures €500K in a Pre-Seed Round Funding

The sector-focused investment teams at Speedinvest, which include Finres (Fintech / France), Surfboard (SaaS & Infra, UK), Fertifa (Health & TechBio, UK), Cylib (Deep Tech, Germany), Neocarbon (Climate & Industrial Tech, Germany), and Fairlyne (Marketplaces & Consumer, France), have made numerous investments throughout Europe through Speedinvest 4. Most of these businesses have already raised profitable follow-on rounds from tier-one venture capitalists.

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At Speedinvest 4's final close, a number of new LPs joined, including Bitburger, ODDO BHF, PwC Germany, Abeille Assurances Ventures, and Aviva. Along with other internationally renowned government funds, banks, insurance firms, pension funds, major family offices, and long-term investors, the European Investment Fund (EIF) and first-time investors, Generali, joined the first close.

Oliver Holle, CEO and Managing Partner at Speedinvest, 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.”

Speedinvest has established the largest seed stage investment team in Europe through its six specialized vertical teams: Deep Tech, Fintech, Health & TechBio, Marketplaces & Consumer, Climate & Industrial Tech, and SaaS & Infrastructure. The company employs more than 40 investment managers throughout the continent and has offices in Berlin, London, Munich, Paris, and Vienna.

Read also - Amsterdam-based Send AI Raises €2.2Million in a Pre-Seed Round Funding

Ben Luckett, Managing Director, Venture Capital, Aviva said, “Aviva is investing more in early-stage businesses. Becoming an LP in Speedinvest and investing in some of the most promising new digital and tech firms will bring us closer to emerging technology and consumer trends, helping us create great outcomes for our customers,”

Florian Nöll, Partner and Head of Corporate Development & Innovation, PwC Germany said, “While we are driving innovation forward internally at PwC Germany, we also get inspired by new developments in the market every day. By being a corporate investor in Speedinvest we get the opportunity to support founders inventing new technologies and platforms – ultimately contributing to long-term growth prospects and fostering the European innovation ecosystem,”.

Madani Safsaf, Head of Abeille Assurances Ventures said, “We are delighted to announce our commitment to Speedinvest 4, a new step in our journey towards fostering innovation and entrepreneurship. Speedinvest has been a leading force in pan-European early-stage venture since 2011 and has become one of Europe’s largest and most active pre-Seed and Seed investors. By committing capital to this final close, we are strengthening our positioning as an investor of the European tech environment, fostering an innovation culture in our businesses to provide cutting-edge solutions to our customers and stakeholders,”

About Speedinvest

Speedinvest won't settle with being merely another investor that gives you money and attends board meetings to offer "advice." Their goal is to provide you with game-changing, actionable, and coordinated support to empower you along the way.

Read also -  Roro raises €1.5Million in Funding

You will have unrestricted access to our knowledgeable investors, internal operational specialists, and worldwide networks of business associates from the outset. They will do all within their ability to support you in achieving your goals, whatever they may be.

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