468 Capital launches second fund

This comprises about $400 million and is said to be the largest seed-stage fund in Europe.

Venture capital firm 468 Capital, based in Berlin and San Francisco, has raised its second fund with capital commitments of about $400 million. According to the firm, this is currently the largest European fund dedicated to the seed stage. Its predecessor, "Fund I," had raised $200 million.

With "Fund II," 468 Capital aims to invest in companies with global ambitions in Europe and the United States. The fund is dedicated to technologies that should be available in a timely manner and be sustainable. The focus is on companies focused on artificial intelligence and automation, software, and marketplaces and consumers. In addition, the firm said it is focusing the fund on open source software and the quick commerce space, among others.Most recently, 468 Capital had already invested in instant delivery services Arive and Mayd, as Startbase reported.

"The number of machine learning experiments being conducted around the world is growing exponentially, and the need for a software stack that serves engineers and researchers is more urgent than ever," said Florian Leibert, managing partner at 468 Capital. "With this latest fund, we are very focused on some emerging areas, including MLOps." MLOps stands for "machine learning operations."

468 Capital had been founded in 2020 by Alexander Kudlich, Ludwig Ensthaler and Florian Leibert. They had previously gained experience at technology companies such as HelloFresh, FoodPanda and Mesosphere. 468 Capital's investment team also includes partners Philipp Seifert, who was previously at Sapphire Ventures and Goldman Sachs, and Bernhard Janke, previously at LEA Partners and GFC. The firm has raised a total of $1.3 billion since its inception. It has invested in more than 50 companies, including Razor Group, Zapp, Arive, Vectornator, Superchat and Rapid Robotics.