Speedinvest Successfully Concludes Latest Fund, Securing €350 Million in Final Close

Vienna-based venture capital firm Speedinvest has successfully concluded the final close of its latest fund, reaching €350 million—€50 million above its initial target. The announcement follows the first close of its fourth fund in December 2022, which secured €300 million. In conjunction with an additional €250 million earmarked for follow-on investments, Speedinvest has now amassed a total of €600 million in assets under management (AUM), surpassing an impressive milestone of €1 billion in total AUM.

Despite challenging economic conditions, Speedinvest's achievement reflects investor confidence in the firm's strategic approach and its dedication to supporting early-stage companies. The additional capital provides the venture capital firm with increased resources to back innovative entrepreneurs in their quest for global success during the critical early stages of business development.

Oliver Holle, Speedinvest's CEO and managing partner, emphasized the firm's unwavering commitment to its mission of assisting companies in building category-defining businesses during their formative years. The incremental capital not only enhances the firm's firepower but also aligns with its goal of maintaining a consistent target portfolio size.

With an extensive portfolio of over 300 investments, Speedinvest intends to stay true to its ethos by continuing to invest in a diverse range of sectors. These include deeptech, fintech, health and techbio, marketplaces and consumer, climate and industrial tech, as well as SaaS and infrastructure. The firm's dedication to early-stage startups in these sectors underscores its strategic focus on fostering innovation and driving growth across a broad spectrum of industries.

Speedinvest has already deployed funds from its latest €350 million fund into several promising startups. These include Finres, an agriculture-focused fintech; Surfboard, a customer support SaaS platform; Fertifa, a healthtech startup; Cylib, a battery recycling company; Neocarbon, a climatetech company; and Fairlyne, a traveltech startup. Notably, many of these companies have attracted successful follow-on rounds from prominent venture capital firms, underscoring the early fund's ability to identify and support promising ventures.

In the final close of the fund, Speedinvest welcomed several new Limited Partners (LPs), including Aviva, PwC Germany, Bitburger, ODDO BHF, and Abeille Assurances Ventures. Existing supporters such as the European Investment Fund (EIF) continued their commitment, and Generali joined the first close. The investor lineup includes a diverse range of entities, including government funds, banks, insurance companies, pension funds, and large family offices.

In a collaborative and supportive spirit, Speedinvest highlighted the commitment of numerous founders from its portfolio companies who have chosen to participate in the new fund. Companies like Bitpanda, GoStudent, Billie, Planetly, TWAICE, and Yokoy have pledged their support, reflecting a sense of loyalty and confidence in Speedinvest's investment approach and the potential of the new fund to foster the growth of innovative startups. This collaborative effort showcases a strong ecosystem where successful founders reinvest in the next generation of entrepreneurs, creating a cycle of support and mentorship within the Speedinvest network.