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Vienna - based early - point VCSpeedinvesthas closed its fourth early - point fund , Speedinvest 4 , at € 350 million ( around $ 380 million at today ’s exchange charge per unit ) , surpassing the initial goal of € 300 million ( $ 325 million ) . This follow the final € 50 million close abide by several new institutional investors , including Aviva , PwC Germany , Bitburger , ODDO BHF and Abeille Assurances Ventures .
tenacious - term investor the European Investment Fund ( EIF ) and first - sentence investors Generali also joined the near alongside government funds , banks , insurance companies , pension store and big family office . Speedinvest ’s portfolio companies let in Bitpanda , GoStudent , Billie , Planetly , TWAICE and Yokoy . Some of the founders of these companies have also endorse Speedinvest ’s new fund .
The VC firm says the funds will be employ to enhance the VC ’s portfolio and back the global grading of former - stage startups . Already , multiple investments have been made across Europe via Speedinvest 4 . Speedinvest ’s total assets under direction now exceeds € 1 billion .
Some celebrated investments via the fund admit Finres ( fintech , France ) , Surfboard ( SaaS and infra , U.K. ) , Fertifa ( wellness and biotech , U.K. ) , Cylib ( deep technical school , Germany ) , Neocarbon ( climate and industrial technical school , Germany ) and Fairlyne ( marketplaces and consumer , France ) .
“ In time where access to cap in our industriousness has been the scarcest in the last 10 or more long time , reaching this milestone is an awing testament to how investors partake in our vision of creating a pioneering , pan - European investment political program , which is both scalable and highly impactful for our portfolio companies , our L-P , and the wider European ecosystem , ” Speedinvest ’s chief operating officer and managing mate Oliver Holle enjoin in a argument .
With 40 + investment managers in Europe and offices in Berlin , London , Munich , Paris and Vienna , Speedinvest focuses its other - stagecoach investments in six dedicated upright teams : deep tech , fintech , wellness and biotech , marketplaces and consumer , clime and industrial technical school , and SaaS and substructure . As per the society , more than 60 % of its European startup investiture reach Series A after plump for them at the pre - germ and seed phase . It is also ranked among the most active cum investor in European unicorn .
“ By committing capital to this last closing , we are strengthen our positioning as an investor of the European technical school surround , foster an innovation culture in our business to provide cut - edge solution to our customers and stakeholders , ” Abeille Assurances Ventures head Madani Safsaf said in a statement .
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Outside Europe , Speedinvest is active in Africa ( Egypt , Kenya and Nigeria ) ; the Middle East ( UAE and Saudi Arabia ) ; Latin America ( Brazil , Colombia and Mexico ) ; and South Asia ( India and Pakistan ) .
