Get the latest tech news
Meet the new VC firm secretly backed by Volkswagen
A new venture firm called Leitmotif has been on a quiet blitz for the last 16 months, funding around 20 startups broadly focused on decarbonization. Its
Despite that turmoil, Wiese – who was the head of Volkswagen Group’s M&A, Investment Advisory, and Partnerships division before starting Leitmotif – said the overarching goal of the new firm is to “create a bridge between the European industrial establishment and the US innovation ecosystem.” Late 2023 was arguably the worst time for startups in recent memory to lock down large funding rounds, especially ones focused on hardware or “deep tech,” thanks to high interest rates. He previously worked at The Verge, where he also covered consumer technology, hosted many short- and long-form videos, performed product and editorial photography, and once nearly passed out in a Red Bull Air Race plane.
Or read this on TechCrunch
