Speedinvest closes fourth flagship fund above target at €350M
Vienna-based venture capital firm Speedinvest has successfully closed its fourth flagship fund, Speedinvest 4 (Si4), at €350M, surpassing its initial target by €50M. This final close brings the total assets of the fund to over €600M, making it one of the largest funds in Europe.
Strong support from investors, including Aviva and PwC Germany
Speedinvest 4’s final close saw the addition of several new limited partners (LPs), including Aviva, PwC Germany, Bitburger, ODDO BHF, and Abeille Assurances Ventures. These new investors join existing LPs such as the European Investment Fund (EIF) and Generali, who increased their long-term investments during the first close.
The investor base of Speedinvest 4 includes government funds, banks, insurance companies, pension funds, and large family offices, as well as founders from successful companies like Bitpanda, GoStudent, Billie, Planetly, TWAICE, and Yokoy.
Accelerating support for early-stage startups
The additional capital raised by Speedinvest will enable the firm to provide even more support to early-stage startups and help them scale globally. As the largest Seed stage investment team in Europe, Speedinvest’s sector-focused investment teams have actively invested in companies across various sectors, including finance, sustainability, healthcare, and technology.
The firm’s commitment to helping companies build their category-defining businesses in the early stages aligns with its mission to make a meaningful impact on the success of the next generation of tech leaders. With this new funding, Speedinvest aims to continue its track record of supporting innovative entrepreneurs on their journey to global success.
Recent investments showcase Speedinvest’s expertise
Speedinvest 4 has already made several notable investments across Europe. Companies like Finres, Surfboard, Fertifa, cylib, NeoCarbon, and Fairlyne have received funding from Speedinvest and have subsequently secured additional investments from top-tier venture capital firms.
With offices in Berlin, London, Munich, Paris, and Vienna, Speedinvest boasts a team of over 40 investment managers, making it the largest Seed stage investment team in Europe. The firm focuses on six dedicated vertical teams, including Climate Tech & Industrial Tech, Deep Tech, Fintech, Health & TechBio, Marketplaces & Consumer, and SaaS & Infrastructure.
Speedinvest’s impact on the European ecosystem
Speedinvest’s success in raising additional capital during a challenging time for the industry demonstrates the shared vision among investors for creating a pioneering, pan-European investment platform. The firm’s commitment to scalability and impact resonates with its portfolio companies, LPs, and the wider European ecosystem.
As one of the most active Seed investors in Europe and a key player in the pre-Seed and Seed stages, Speedinvest plays a crucial role in supporting early-stage startups. Its recent recognition as Seed Fund of the Year by GP Bullhound further solidifies its position as a leading venture capital firm in Europe.
Analyst comment
Positive news: Speedinvest closes fourth flagship fund above target at €350M, attracting strong support from investors. The additional funding will enable Speedinvest to provide even more support to early-stage startups and help them scale globally. Recent investments showcase Speedinvest’s expertise. Speedinvest’s success demonstrates the shared vision among investors for creating a pioneering, pan-European investment platform. Market: The market for early-stage startups is expected to benefit from increased funding and support.
