Vienna-based Speedinvest raises €500M to back European tech startups

Austrian Speedinvest, one of the Europe’s most active seed investors, has raised €500 million to invest in early-stage tech startups. To date, 90% of the funds’ target amount is committed, Sifted reports.

  • €300 million will be used to invest in pre-seed and seed startups through the Speedinvest fourth fund, and €200 million will be used for supporting the growth of existing portfolio companies.
  • Speedinvest intends to back about 100 new startups with its new fourth early-stage fund. It will write cheques ranging from €600,000 for pre-seed companies up to €2.5 million for seed-stage startups.
  • The fund has already made initial investments, which include Autone (SaaS, Italy), Drop (fintech, France / US), (deeptech, UK), The Lowdown (Digital Health, UK), and NeoCarbon (Industrial Tech, Germany), Silicon Canals informs.
  • Two thirds of the fresh capital raised by Speedinvest is coming from existing LPs, including US VC firm New Enterprise Associates (NEA) and the European Investment Fund (EIF), Sifted writes.
  • Launched in 2011 as a €10 million fund, Speedinvest now is a pan-European early-stage venture capital firm with more than €1 billion AuM and offices in Berlin, London, Munich, Paris, and Vienna. 
  • Currently, it has more than 250 companies in its portfolio. Wefox, Bitpanda, TIER Mobility, GoStudent, Wayflyer, Open, CoachHub, Schüttflix, TourRadar, Adverity are among them.