Germany-based Point Nine, a pan-European and US focused VC firm that specialises in B2B SaaS and marketplace investments, has closed a new €100 million seed fund (technically €99,999,999) dubbed 'P9 V'. You guessed it, this is the firm's fifth fund since its founding in 2011.
Aside from having the greatest of VC websites, Point Nine says it will invest between €500,000 and €2.5 million per startup, and commits to participating in the Series As of all the companies it funds.
To date, the firm has invested in more than 100 companies across 28 different countries. Point Nine’s first four funds were amongst the earliest seed investors in startups like Revolut, Delivery Hero, Algolia, Brainly, Typeform and DocPlanner - no small potatoes by any means.
"Almost ten years after starting Point Nine, we are thrilled to announce that two up-and-coming stars in the tech industry have joined us as equal Partners. Both Louis and Ricardo have demonstrated an extraordinary ability to spot new companies, develop strong bonds with entrepreneurs, contribute to the tech community, and help early-stage startups beat the odds. At ages 29 and 30, they are significantly earlier in their careers than the two of us. That’s a feature of our equal partnership, not a bug," said founding partner Christoph Janz confidently.