Europe-based venture capital firm (VC) Speedinvest has announced the final closing of its second specialist marketplaces and consumer fund — Speedinvest x Fund 2, at €60M. This is more than the original target of €50M.
The final closing of the fund saw participation from marketplace founders and executives which includes the founders of Ankorstore, Vinted, TradingView, Planetly, and more. Jörg Gerbig, COO of JustEatTakeAway & co-founder of Lieferando, also participated in the fund.
This fundraise comes at a time when Speedinvest’s Marketplaces and Consumer team’s portfolio of investments has seen immense growth. Three years since its launch, the Speedinvest x Fund 1 portfolio already includes one unicorn and six companies valued at over $100M in its portfolio, while its companies have raised an additional €500M+ in follow-on funding from tier-one investors including the likes of Softbank, Northzone and Draper Esprit, the press release reads.
Already made four investments
Speedinvest revealed that its Marketplaces and Consumer team has already made four investments after the fund’s first close, including freight and logistics B2B marketplace Yolda, which announced its $1.9M seed round in June.
Since 2017, Speedinvest has raised more than €100M for marketplaces and platforms across two generations of the fund, with more than €50m raised from outside investors and Speedinvest’s flagship third fund contributing the other 50 per cent of the capital, the company mentions in a statement.
The recent funding rounds of Speedinvest include ecommerce fulfilment platform Byrd’s €16m Series B, digital coaching platform CoachHub’s €30m Series B and TIER Mobility’s $60M in fleet financing led by Goldman Sachs.
Speedinvest
Speedinvest is an early-stage venture capital firm with over €450M AuM and 40 investors based in Berlin, London, Munich, Paris, Vienna and San Francisco. Its portfolio of 200+ companies include Wefox, Bitpanda, TIER Mobility, GoStudent, Curve, CoachHub, Schüttflix, TourRadar, Adverity, and Twaice.
Mathias Ockenfels, General Partner leading the Marketplaces & Consumer team, says, “The success of the Fund 2 fundraising has led us to a favourable junction at an exciting time for the platform economy. Themes we are focusing on in this fund are plentiful, and include everything from B2B to B2C marketplaces as well as the sharing, subscription and circular economies. Network effects remains a core pillar of our thesis, but will be anchored by consumer topics as the lines between traditional commerce and platforms becomes more blurred.”
Last month, it was announced that SoftBank Investment Advisers (SoftBank) and Speedinvest are together launching SoftBank Vision Fund Emerge accelerator in Europe. The programme aims to promote diversity in tech by connecting underrepresented founders with the capital, tools, and networks needed to help scale their businesses.
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