Point Nine closes sixth fund

The venture capitalist from Berlin wants to provide 180 million euros for startups in the seed phase. The focus: B2B businesses.

Berlin-based venture capitalist Point Nina has closed its sixth fund and plans to invest 180 million euros in seed-stage startups in the future. The reports Gründerszene. According to the report, the money will flow into B2B startups that are mainly active in Europe. For this, Point Nine is apparently doubling the maximum amount to be invested per startup to a total of five million euros.

This is now the VC's sixth fund, which had its origins in the Team Europe incubator. The previous fund had raised nearly 100 million euros and closed in September 2020. According to the venture capitalist, the money ran out just a few days ago. At the time, the focus was also on investing in B2B startups. However, Point Nine only invested in between 500,000 euros to 2.5 million per startup at that time, and only in the seed phase. However, should the start-up receive seed funding from Point Nine, Managing Partner Christoph Janz promised at the time to also participate in the Series A round.

In Germany, Point Nine has invested in Wanda, Delivery Hero, Contentful, Finiata and Mister Spex, among others.