back Back

Speedinvest raises €500m fund to support tech start-ups

By Gloria Methri

December 14, 2022

  • Austria
  • Bitpanda
  • Europe
Share

Speedinvest, venture capital fund, Europe, start-upsSpeedinvest, a pan-European venture capital fund has raised €500 million to help start-ups scale to global success. Nearly two-thirds (€300 million) of the new fund will be invested into innovative new pre-Seed and Seed tech start-ups through its fourth flagship fund, Speedinvest 4, while the remaining is reserved for select follow-on co-investments in existing Speedinvest portfolio companies.

The fund invests across six vertical teams Deep Tech, FinTech, Health, Marketplaces & Consumer, Industrial Tech, and SaaS.

The partners stumping up the capital include Erste Bank, Raiffeisenbank, New Enterprise Associates, and the European Investment Fund. Many of Speedinvest’s founders have also committed funds, including founders from Bitpanda, GoStudent, Billie, Planetly, TWAICE, and Yokoy. The new capital brings its total assets under management to over €1 billion.

Oliver Holle, CEO and Managing Partner at Speedinvest, said, “In just 10 years, Speedinvest has grown from a small €10 million Austrian funds to one of Europe’s largest Seed investors. This new capital proves there is still room to innovate in European VC. As more and more capital and talent flood the ecosystem, further professionalization of our industry is required.”

Launched in 2011 as a microfund, the VC has six unicorns in its portfolio including Bitpanda, GoStudent, Open, TIER Mobility, Wayflyer, and Wefox.

With 40-plus investors across the continent, Speedinvest claims to have built the largest Seed stage investment team in Europe. It sees more than 60% of all European start-ups that reach Series A at the pre-Seed and Seed stages.

Scott Sandell, Managing General Partner, NEA, said, “Speedinvest is a sought-after partner for growing companies across Europe’s start-up ecosystem, with an approach to company building for the long-term that is very much aligned with NEA’s. As we deepen our firm’s commitment to the region, our long-term partnership with Speedinvest continues to be among our most valuable in Europe.”

Previous Article

December 14, 2022

DKK Partners appoints Sam Nti to spearhead Africa operation

Read More
Next Article

December 14, 2022

RegTech company SteelEye appoints ex-Microsoft executive as CRO

Read More








IBSi Daily News Analysis

cybersecurity

April 18, 2024

Austria

GCC banks bolster Cybersecurity measures to combat email fraud

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

March 18, 2024

Cedar Capital marks First Close of debut FinTech Venture Capital fund; BankTech to be a key focus

Read More

February 06, 2024

FinTech Klub expands in the Middle East with credit fund licence

Read More

February 02, 2024

The Weekly Wrap: all you need to know by Friday COB | February 2nd

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023