Project A, a German early-stage venture capital firm, has announced new seed investments in four startups — butter, Knowunity, priceloop, and Quix.
Based in Berlin, Project A aims to help tech startups to get a head start with a capital and operational expertise.
“With our operational team, we can additionally support the growth of these companies and bridge any gaps that might arise in the early stage”, says Uwe Horstmann, General Partner of Project A Ventures.
Sector-agnostic early-stage VC
Project A says it is a pan-European sector-agnostic early-stage venture fund investing in industries such as Digital Health, Enterprise Software, Developer & Data Tools, FinTech, Education, Real Estate & Construction, e-Commerce, Media or Mobility.
With $500M in Assets Under Management (AUM), Project A supports its portfolio companies with a team of over 110 in-house experts in themes such as software and product development, business intelligence, brand, design, marketing, CRM, sales, venture development, or recruiting.
At present, Project A is managed by Rainer Berak, Ben Fischer, Dr. Florian Heinemann, Uwe Horstmann, Thies Sander and Dr. Anton Waitz.
Let’s have a brief look at the seed-stage teams, which Project A recently invested in.
Butter (Copenhagen, Denmark )
Founders: Jakob Knutzen, Christopher-Holm Hansen, and Adam Wan
Butter is an all-in-one platform for planning and running virtual workshops. The platform allows facilitators to prepare, run and debrief their workshops and training all from one place. The platform has different collaboration tools, and presettable native tools as well. Project A has invested $3.2M in Butter to help them scale the team, develop their product, business, and user base.
Knowunity (Sindelfingen, Germany)
Founder: Benedict Kurz
Knowunity is the digital learning platform for students in Europe. With the app, students can download relevant school content or ask questions directly to the people uploading the content. The app has more than 65,000 pieces of user-generated learning content, available free of charge in all topics and subjects.
To date, the company has 1 million app downloads and ranking the top 3 in the educational app charts. Project A leads the seed investment funding round of €2M.
priceloop (Berlin, Germany)
Founders: Dr Richard Schwenke and Dat Tran
priceloop helps e-commerce and retail companies through machine learning to be more successful by using data-driven pricing decisions.
Quix (London, UK)
Founders: Mike Rosam and Tomas Neubauer
Quix is a real-time streaming analytics platform. The company changes the way data is handled and processed from a database-centric approach to a stream-centric approach, connecting Python developers to real-time data streams. The £2.3M seed round is led by Project A, with participation from Passion Capital and angel investors.