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Speedinvest closes fourth fund at $380 million to back early-stage startups in Europe
The VC firm says the funds will be utilized to enhance the VC’s portfolio and back the global scaling of early-stage startups.
“In times where access to capital in our industry has been the scarcest in the last 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 both scalable and highly impactful for our portfolio companies, our LPs, and the wider European ecosystem,” Speedinvest’s CEO and managing partner Oliver Holle said in a statement. “By committing capital to this final close, we are strengthening our positioning as an investor of the European tech environment, fostering an innovation culture in our businesses to provide cutting-edge solutions to our customers and stakeholders”, Abeille Assurances Ventures head Madani Safsaf said in a statement. 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).
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