Alstin Capital, a Munich-based venture capital firm specialising in early-stage B2B software investments, has raised €175M for its Alstin III fund. The investors include foundations, banks, insurance companies, family offices, and high-net-worth individuals.
Originally targeting €100M with a hard cap of €125M, the fund exceeded its goal within four months, prompting an increase in the cap to €175M with investor approval.
Alstin I was initially funded with family capital, while Alstin II raised around €108M from external partners in 2017. As of fall 2023, Alstin II is fully invested. The firm’s fundraising for Alstin III commenced in February 2024.
What to expect from the new fund?
Alstin III will focus on Series A investments in European B2B software companies, with initial funding ranging from €2M to €7M.
Carsten Maschmeyer, Managing Partner of Alstin Capital, says, “We are particularly proud that more than 90 per cent of all investors from Alstin II have now joined Alstin III.”
“We received so many commitments that we could have raised the hard cap to €250M, but we chose not to. We aim to further internationalise our portfolio, and our first three investments already span three different countries.”
Even before its final closing, Alstin III has already made several investments. These include:
- Flowit, a Zurich-based company offering employee development solutions for frontline workers
- NORBr, an Amsterdam-based provider of software to streamline payment infrastructure setup
- Etalytics, a Darmstadt-based firm developing AI-driven energy management solutions for data centres, reduces energy consumption by an average of 37 per cent.
Brief about Alstin Capital
Alstin Capital is an independent early-stage venture capital fund that focuses on fast-growing B2B technology companies in the DACH region and across Europe, primarily at the Seed and Series A stages. The firm provides both pre- and post-investment support.
Alstin Capital leverages its network to assist portfolio companies with financing rounds, customer acquisition, partnerships, and talent recruitment. It offers sales coaching, strategy development, KPI definition, and sales operations setup.
Additionally, Alstin provides tailored PR and marketing support, helping companies build their brand through media placements and social media strategies. The firm also aids in scaling businesses through expansion strategies, internationalisation, and optimising sales channels.
Alstin Capital’s portfolio includes companies like Blacklane, Orderbird, pflege.de, alyne, and Klarna. Its sector focus includes fintech, insurtech, regtech, and cyber security.
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