New 250 million euro fund from Endeit

The VC has filled its third fund to the brim. Endeit wants to use it to support scale-ups.

German-Dutch venture capital Endeit has raised a record amount for its third fund. At 250 million euros, the fund is twice as high as the first two combined. The fund is managed in Hamburg and Amsterdam. Endeit primarily wants to support European digital scale-ups. "We see enormous potential in pulling up European winners that scale globally and claim market share accordingly," says Endeit founder Hubert Deitmers. "We have experience in building global market leaders out of Europe." The focus will be machine learning, AI and quantum technology.

Ten founders who benefited from Endeit themselves in previous rounds are now investors. They include the founders of cash register system Lightspeed and video advertising provider Smartclip, which was bought by media group RTL. A total of 35 startups have already received money from Endeit.

Endeit was founded in 2006 by television producer Joop van den Ende and Hubert Deitmers. Van den Ende exited the company in April this year. Deitmers now runs the VC together with Martijn Hamann.