Speedinvest plans to invest 500 million euros

The majority of the money is to be invested in pre-seed start-ups and seed techs through a new fund. The remaining capital will flow into follow-up investments by portfolio companies.

The seed investor Speedinvest has raised 500 million euros and intends to invest most of this in pre-seed start-ups and seed techs. The money comes from Erste Bank, Raiffaisenbank, New Enterprise Associates and the Europea Investment Fund, among others. 300 million euros are to be invested through the "Speedinvest 4" fund. The remaining capital is reserved for follow-up investments by existing portfolio companies.

Launched in Austria in 2011, the venture capital provider now has a total investment volume of over one billion euros. Speedinvest invests in companies throughout Europe and has offices in Berlin, Munich, London, Paris, Vienna and San Francisco. With "Speedinvest 4", the investor intends to invest primarily in deep, fin, industrial and health techs, as well as marketplaces and consumer and software-as-a-service. The first companies in the fund include Neocarbon from Germany and the French fintech Drop.

According to Speedinvest, its portfolio currently contains six tech unicorns, including the German start-ups Wefox and Tier Mobility. Speedinvest also recently closed another fund in the "Climate & Industry" segment with a volume of 80 million euros. This fund is intended to invest in start-ups that address the challenges of sustainability in the industrial sector.