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Dutch VC Peak closes new €150M European seed fund

Peak Team
Image credits: Peak

Peak, a seed-stage venture capital fund, has announced the close of its 5th seed fund with €150 million. It has raised over 50% of the latest fund in commitments from European founders.

To invest up to €4M in each company

Already, Peak has completed its first three investments from this new fund. It aims to invest in nearly 50 companies with each company raising €250k to €4 million.

Johan van Mil, co-founder and Managing Partner, noted: “We’ve seen many ‘new normals’ over the years investing through crises and hypes. We had to reinvent ourselves alongside the changing landscape, but we stay true to our principals: invest in great founding teams solving big problems in a scalable, healthy manner.”

“I am especially proud to see investors sticking with us through our funds, and most of all, that many founders we’ve backed in our portfolio are now investing in our funds,” said Managing Partner Stefan Bary.

“The biggest difference in the past 15 years is what ‘big’ means,” continued partner David Zwagemaker. “When Peak began investing in 2007, a mere €6.5B was invested in European founders. Last year this was €138B. The definition of ‘big’ will continue to grow as success feeds back into the ecosystem, technology moves faster, and founders continue to get smarter. Europe knows success at scale. We’re honored to contribute to that success.”

Stockholm-based Partner Indra Sharma cited, “Beyond new tools and technical advancements, the tech ecosystem itself has evolved significantly in the last years. Thanks to successful entrepreneurs in the recent past, there is more capital, knowledge, and talent in the market than ever before. Tomorrow’s founders have a head start and a wealth of resources available to them. With Peak 5, we’re ready to continue learning and unlearning together with the founders of tomorrow.”

Seed-stage VC fund

Peak was founded by Hein Siemerink, Heleen Dura – van Oord, Johan van Mil, and Menno Kenter in 2017. It has offices in Amsterdam, Berlin, and Stockholm.

Peak has specialised in SaaS, marketplaces, and platforms. Its investors include their active portfolio founders and other European entrepreneurs and operators. Allocated over five funds, Peak has invested in over 50 companies like Catawiki, Hygraph, StuDocu, Circula, Channable, Trengo, Breyta, Creative Fabrica, Blidz, Whale, and Seatti.

It has a long track record in the European venture scene. It evolved from an angel collective into a venture capital fund and remains fully backed by entrepreneurs up to today. Peak considers its investor base and local presence in Berlin, Stockholm, and Amsterdam as driving forces.

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