The fourth early-stage fund from Vienna-based VC Speedinvest closed at €350 million (approximately $380 million at today’s currency rate), exceeding its €300 million ($325 million) objective. New institutional investors Aviva, PwC Germany, Bitburger, ODDO BHF, and Abeille Assurances Ventures backed the €50 million final closure.
Long-term EIF investors and first-time investors Along with government funds, banks, insurance firms, pension funds, and major family offices, Generali closed. Bitpanda, GoStudent, Billie, Planetly, TWAICE, and Yokoy are Speedinvest portfolio businesses. Speedinvest’s new fund has backing from several of these firms’ founders.
The VC company claims the cash will improve its portfolio and support early-stage business worldwide scaling. Speedinvest 4 has made many European investments. Speedinvest manages about €1 billion in assets.
The fund invested in Finres (fintech, France), Surfboard (SaaS and infra, U.K.), Fertifa (health and biotech), Cylib (deep tech), Neocarbon (environment and industrial tech), and Fairlyne.
“In times where access to capital in our industry has been the scarcest in the last 10 or more years, reaching this milestone is an amazing testament to how investors share our vision of creating a pioneering, pan-European investment platform that is both scalable and highly impactful for our portfolio companies, our LPs, and the wider European ecosystem,” Speedinvest CEO and managing partner Oliver Holle said.
Speedinvest invests early-stage in six vertical teams: deep tech, fintech, health and biotech, marketplaces and consumer, climate and industrial tech, and SaaS and infrastructure, with 40+ investment managers in Europe and offices in Berlin, London, Munich, Paris, and Vienna. After pre-seed and seed investments, the business invests in over 60% of European startups in Series A. It is one of the most active European unicorn seed investors.
“By committing capital to this final close, we are strengthening our positioning as an investor in the European tech environment, fostering an innovation culture in our businesses to provide cutting-edge solutions to our customers and stakeholders,” Abeille Assurances Ventures head Madani Safsaf said.
Speedinvest operates in Egypt, Kenya, Nigeria, the Middle East (UAE and Saudi Arabia), Latin America (Brazil, Colombia, and Mexico), and South Asia.
