Pan-European Project A launches new €180 million VC fund to back early-stage startups

Pan-European Project A launches new €180 million VC fund to back early-stage startups

Berlin-based early-stage investor Project A announced their third fund of €180 million, bringing its management assets up to €440 million.

The new fund will allow Project A to continue investing at the seed and Series A stages in key areas of European innovation, such as fintech, digital health, proptech, and industry 4.0. It also enables the firm to expand their offices.

Florian Heinemann, General Partner at Project A says, “We have always considered ourselves a pan-European VC having invested in UK, Sweden, France, Italy, Netherlands, Denmark, and Germany. To further expand this positioning, we have added presences in London and Stockholm which lead us to being closer to these key start-up hubs.”

Dubbed "The Operational VC," Project A provides hands-on support to its portfolio companies through their 100 experts across every functional team: engineering, marketing, product, design, communications, business intelligence, sales & customer success, organisational building and hiring. The portfolio includes WorldRemit, Voi, Sennder, Homeday, Spryker, Uberall, Catawiki, micropsi industries, and Kry.

Project A gets its backing from existing investors such as Otto Group, Axel Springer, Bitburger, and Oetker, as well as representatives of other renowned companies in Germany. This new fund brings on board the first US institutional investors, including Top Tier Capital Partners.

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