Austrian venture capital firm Speedinvest raises €190M to invest in early stage European tech startups

Based out of Vienna, Speedinvest is a European venture capital fund for early-stage tech startups. Recently, the company has raised €190 million for its third flagship fund, surpassing its original target ahead of schedule due to high investor demand. This brings Speedinvest’s total AUM to more than €400 million. 

CEO Oliver Holle said: 

Having been a founder myself, I have a clear view of value creation by investors. You need to deliver sector-specific, operationally relevant input that goes far beyond boardroom advice and cash. In our experience, the best way to do that is to be face-to-face with our founders. That is our mission and our promise to founding teams across Europe. And we invest heavily in the resources required to back it up.

Notably, Speedinvest has 40 investment professionals working across five, sector-focused investment teams, along with 20 operational experts providing portfolio companies with full-service HR, growth marketing, business development, and U.S. expansion support.

Working from cities across Europe, and writing initial tickets from €50K up to €1.5M, the sector-focused investment teams will invest in Fintech, Deep Tech, Marketplaces, Industrial Tech, Digital Health, and Consumer Tech startups, supplying the early-stage businesses with the time, sector expertise and value-adding operational resources they need to scale.

This European VC has offices in London, Berlin, Vienna, Munich, and San Francisco. It’s worth mentioning that the €190M fund sets aside €100M in follow-on funding to enable Speedinvest to double-down on its most promising companies while continuing to draw on its global network of Tier 1 lead investors for follow-on rounds.

Furthermore, the European VC has already invested in 10+ companies from the new fund and will increase it’s on the ground presence in France this Spring. Speedinvest’s portfolio now includes some of Europe’s fastest-growing tech companies, such as wefox, TIER Mobility, and Curve, along with rising stars, CoachHub, TWAICE, Billie, TourRadar, Inkitt, and Luko.

Main image credits: SpeedInvest

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