Vienna-based pre-seed venture capital fund Pioneers Ventures, which was founded in 2015 by Pioneers and Speedinvest, has a new structure. Speedinvest is taking over more than thirty of Pioneers Ventures’ existing investments in business tech, consumer tech, fintech, and healthtech, and integrating them into its portfolio. The current Pioneers Ventures management team will also move to Speedinvest and will lead the newly-created pre-seed unit.
“To us, Pioneers Ventures is a real success story! The 32 portfolio companies currently employ around 500 persons, have already gained a total of over €20 million in follow-on funding, and many are regarded as technological leaders in their field," remarked Michael Schuster, managing partner at Speedinvest. "For these reasons, it was a logical step to work more closely with the team in the future."
Pioneers Ventures itself will continue to be operated by Pioneers and its new investment team, which will be further strengthened by a group of experts from the business accelerator startup300. It will continue to invest in pre-seed startups, while also taking on the existing tech investment portfolio of startup300.
“Pioneers Ventures is a further professionalization of our investment activities," said Michael Eisler, chairman of startup300 AG. "Soon we will further strengthen the team – probably under the leadership of a prominent name in the business angel scene. Pioneers Ventures portfolio companies will not only continue to enjoy all the benefits that the Pioneers community has to offer, but will also enjoy the advantages of being a member of the startup300 family. Moreover, we’re considering establishing a new venture capital fund under Pioneers Ventures to significantly increase our investment performance."
In the future, the three organisations seek to cooperate closely to keep strengthening the Austrian startup ecosystem.