Speedinvest, a pan-European early-stage venture capital firm, has reached the final close for its second fund focused on specialist marketplaces and consumer startups. The €60 million / $70.8 million fund has been backed by both institutional limited partners (LPs) and marketplace founders and executives.
Marketplace Founders and Executives Back Speedinvest’s Second Fund
In a notable move, the fund was also supported by several prominent marketplace founders and executives, including those from Ankorstore, Vinted, TradingView, Planetly, and others. Jörg Gerbig, COO of JustEatTakeAway and co-founder of Lieferando, also participated in the fund.
Four Investments Made So Far from the Fund
Speedinvest has already made four investments from the second fund, including:
- Yolda, a freight and logistics B2B marketplace that announced a $1.9 million seed round in June.
- Byrd’s €16 million Series B.
- CoachHub’s €30 million Series B.
- TIER Mobility’s $60 million.
Themes Focused on in the Fund
According to Mathias Ockenfels, general partner leading the Marketplaces and Consumer team at Speedinvest:
"Themes we are focusing on in this fund are plentiful, and include everything from B2B to B2C marketplaces as well as the sharing, subscription, and circular economies."
Speedinvest’s Commitment to Marketplaces and Platforms
Since 2017, Speedinvest has raised more than €100 million dedicated towards marketplaces and platforms across two generations of the fund. The firm’s new €190 million seed-stage fund is "investing on conviction," according to Ockenfels.
Background on Speedinvest
Speedinvest is a pan-European early-stage venture capital firm that focuses on investing in startups with high growth potential. With over €100 million dedicated towards marketplaces and platforms, the firm has established itself as a leader in the space. Its team of experienced investors has a proven track record of identifying and supporting successful startups.
Impact of Speedinvest’s Second Fund
The second fund will focus on investing in specialist marketplaces and consumer startups, building on the success of the first fund. With a strong backing from both institutional LPs and marketplace founders and executives, the fund is well-positioned to support some of Europe’s most promising startups.
Conclusion
Speedinvest’s final close for its second fund marks an exciting milestone in the firm’s journey. With a strong team and a proven track record of investing in marketplaces and platforms, the firm is poised to continue supporting some of Europe’s most innovative startups. As the European startup ecosystem continues to grow and evolve, Speedinvest remains a leader in the space.
