Berlin-based Project A closes oversubscribed €325M Fund V, AUM hits €1.2B

Berlin-based Project A, an early-stage European investor, announced the close of its oversubscribed €325M Fund V, increasing its total assets under management to €1.2B.

Fund V was raised in just four months, with strong participation from existing LPs, alongside several new global backers, including institutional investors, strategic partners, and family offices from both sides of the Atlantic.

“Our conviction in the transformative power of European entrepreneurship is stronger than ever,” says Malin Posern, Partner at Project A. “Europe is poised to cultivate the next generation of globally significant companies, and this new Fund underscores our deep commitment to being a pivotal partner for these ambitious founders, offering both the essential capital and the deep operational understanding required to navigate their foundational journey.”

Additionally, the firm is also strengthening its London office with the promotion of Jack Wang to Partner who joins existing Partner Malin Posern in Project A’s growing UK team.

The Project A Studio

For innovators who are still working on their ideas, Project A’s collaborative Studio offers support for the very earliest activities, from idea validation to team development, and early market fit.

Portfolio companies like 11x, ARX Robotics, and ENAPI leveraged the Studio during idea validation and went on to raise pre-seed from Project A. 

“Our fundamental approach at Project A is to be an indispensable partner for founders from their earliest days,” emphasises Anton Waitz, General Partner at Project A.

Project A: European early-stage investor

Project A is a European early-stage investor, with €1.2B in assets under management and a track record of committing to ambitious founders from idea to scale and beyond.

The firm focuses on pre-seed and seed, bringing clarity, conviction, and founder-aligned capital to the earliest and most critical stages of company-building.

Project A supports teams building across themes, including

• Fintech
• European Resilience,
• Global Supply Chains,
• Future of Autonomous Work

Its portfolio includes category leaders such as Trade Republic, Sennder, Zepz, and Quantum Systems.

“Through our focused pre-seed and seed strategy, plus our unique Studio model, we provide not just crucial initial investment but the practical operational resources and deep expertise necessary to navigate the initial complexities and build scalable, impactful businesses. We’re excited to partner with the next generation of exceptional European tech leaders through this new fund,” adds Waltz.