Point Nine closes sixth fund

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

Berlin-based venture capitalist Point Nina has now closed its sixth fund and plans to invest 180 million euros in seed-stage start-ups in the future. This is reported by Gründerszene. According to the report, the money will flow into B2B start-ups that are mainly active in Europe. To this end, Point Nine is apparently doubling the maximum amount to be invested per start-up to a total of five million euros.

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

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