HV Capital launches new fund with EUR 710 million
HV Capital Fund IX, with a volume of over EUR 710m, has closed and will invest in European startups across all stages of development with ticket sizes ranging from EUR 500,000 to EUR 60m.
HV Capital today announced the closing of its largest fund to date, HV Capital Fund IX, with a volume of EUR 710 million. The fund focuses on investing in innovative tech companies across all stages of growth. HV Capital is also expanding its investor base with new institutional investors from Europe and North America.
The record amount raised opens up exciting new opportunities for HV Capital to invest in the next generation of innovative companies.
Rainer Märkle, General Partner HV Capital:
The fund's focus is on investing in companies from seed stage to Series D and beyond. HV Capital has successfully invested in numerous start-ups in Europe in recent years and enjoys a high level of trust as one of the best-known VC players in the market. With the new fund, HV Capital plans to support the next generation of high-growth companies in various markets, with a focus on companies with high growth potential in a wide range of sectors.
More diversity and sustainability
With the new fund, HV Capital is strengthening its commitment to greater diversity and sustainability within the venture capital industry. The fund has made a commitment under Article 8 of the EU Sustainable Finance Disclosure Regulation (SFDR). HV Capital aims to have 33% of management positions in the portfolio held by women by the end of the fund's term. In addition, 30% of the capital raised is reserved for companies that meet the sustainability and environmental criteria of the European Investment Fund (EIF). With these steps, HV Capital is contributing to the promotion of diversity and sustainability and setting an example for the VC sector.
Four investments have already been made from Fund IX in the areas of data analytics, product information platforms, energy management and climate tech. These investments include Spread(our report) and Polyteia from Berlin, ecoplanet from Munich(our Startbase article on this) and Agreena from Copenhagen.
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