Early stage VC based in Vienna Speedinvest closed its fourth early-stage fund, Speedinvest 4, at €350 million (about $380 million at today’s exchange rate), surpassing its initial target of €300 million ($325 million). This follows the final closing of €50 million which was supported by several new institutional investors including Aviva, PwC Germany, Bitburger, ODDO BHF and Abeille Assurances Ventures.
Long-term investors the European Investment Fund (EIF) and first-time investors Generali also participated in the shutdown along with sovereign wealth funds, banks, insurance companies, pension funds and large family offices. Speedinvest’s portfolio companies include Bitpanda, GoStudent, Billie, Planetly, TWAICE and Yokoy. Some of the founders of these companies have also backed Speedinvest’s new fund.
The VC firm says the funds will be used to strengthen the VC portfolio and support the global scaling of early-stage startups. Already, multiple investments have been made across Europe through Speedinvest 4. Speedinvest’s total assets under management now exceed €1 billion.
Some notable investments through the fund include Finres (fintech, France), Surfboard (SaaS and infra, UK), Fertifa (health and biotech, UK), Cylib (deep tech, Germany), Neocarbon (climate and industrial tech, Germany ) and Fairlyne (markets and consumers, France).
“At times when access to capital in our industry has been at its most scarce for the past 10 or more years, reaching this milestone is an amazing testament to how investors share our vision of creating a pioneering, pan-European investment platform, which is also scalable. and has a big impact for our portfolio companies, our LPs and the wider European ecosystem,” said Speedinvest CEO and CEO Oliver Holle.
With 40+ investment managers in Europe and offices in Berlin, London, Munich, Paris and Vienna, Speedinvest focuses its early-stage investments in six dedicated vertical groups: deep tech, fintech, health and biotech, markets and consumers, climate and the technology, SaaS and infrastructure industry. According to the company, over 60% of its European investments in startups reach Series A after supporting them at the pre-seed and seed stage. It also ranks among the most active seed investors in European unicorns.
“By committing capital in this final closing, we are strengthening our position as an investor in the European technology landscape, fostering a culture of innovation in our businesses to deliver cutting-edge solutions to our clients and stakeholders,” said the head of Abeille Assurances Ventures , Madani Safsaf. in a statement.
Outside of Europe, Speedinvest operates in Africa (Egypt, Kenya and Nigeria). Middle East (UAE and Saudi Arabia); Latin America (Brazil, Colombia and Mexico); and South Asia (India and Pakistan).
