Vienna-based early-stage VC Speedinvest just announced that it closed Speedinvest 4, its oversubscribed fourth early-stage fund at €350 million, which is €50 million more than its €300 million target. With this, the total assets under management (AUM) of the VC fund account for over €1 billion.
Speedinvest will use the fund to deepen its commitment to supporting its portfolio and helping early-stage startups scale to global success.
Several new LPs joined the final close of Speedinvest 4, including Aviva, PwC Germany, Bitburger, ODDO BHF, and Abeille Assurances Ventures. Long-term investors, the European Investment Fund (EIF), and first-time investors, Generali alongside other globally recognised government funds, banks, insurance companies, pension funds, and large family offices.
Many of Speedinvest’s founders have also committed funds, including from Bitpanda, GoStudent, Billie, Planetly, TWAICE, and Yokoy.
Speedinvest 4 investments
The firm has already made investments from the latest fund fintech startup Finres, customer support SaaS platform Surfboard, battery recycling outfit Cylib, healthtech startup Fertifa, travel tech Fairlyne, and climate-tech Neocarbon.
VC’s investment portfolio
Led by Oliver Holle, founder, CEO and Managing Partner, Speedinvest invests across all stages of growth ranging from seed to pre-IPO investing. Its portfolio includes also includes wefox, Wayflyer, Open, CoachHub, Schüttflix, TourRadar, Adverity, Kittl, TWAICE, and 300+ additional companies. Also, the VC firm has offices in Berlin, London, Munich, Paris, and Vienna.
In late 2022, Speedinvest raised €500 million of new capital to help European startups scale to global success. Of this, €300 million was invested into innovative new pre-seed and seed tech startups through Speedinvest 4. The remaining capital was reserved for selective follow-on co-investments in existing Speedinvest portfolio companies to support their long-term growth. The Speedinvest 4 follows the raise of a €80 million Climate & Industry Opportunity fund.
Oliver Holle, CEO and Managing Partner at Speedinvest, said: “Now more than ever, Speedinvest remains committed to its sole mission: helping companies build their category-defining business in the early days – when it matters the most. This incremental capital gives us even more firepower to support our courageous, innovative entrepreneurs in their journey to global success as we stay consistent with our target portfolio size.”
“Aviva is investing more in early-stage businesses. Becoming an LP in Speedinvest and investing in some of the most promising new digital and tech firms will bring us closer to emerging technology and consumer trends, helping us create great outcomes for our customers”, said Ben Luckett, Managing Director, Venture Capital, Aviva.
“While we are driving innovation forward internally at PwC Germany, we also get inspired by new developments in the market every day. By being a corporate investor in Speedinvest we get the opportunity to support founders inventing new technologies and platforms – ultimately contributing to long-term growth prospects and fostering the European innovation ecosystem”, said Florian Nöll, Partner and Head of Corporate Development & Innovation, PwC Germany.
“We are delighted to announce our commitment to Speedinvest 4, a new step in our journey towards fostering innovation and entrepreneurship. Speedinvest has been a leading force in pan-European early-stage venture since 2011 and has become one of Europe’s largest and most active pre-Seed and Seed investors. By committing capital to this final close, we are strengthening our positioning as an investor of the European tech environment, fostering an innovation culture in our businesses to provide cutting-edge solutions to our customers and stakeholders”, said Madani Safsaf, Head of Abeille Assurances Ventures.
