Early-stage VC firm Speedinvest has announced the final close of its second specialist marketplaces and consumer fund at €60 million, €10 million over the initial target. The fund is aimed specifically at European B2B and B2C marketplaces that demonstrate strong network effects. While not specifically mentioned in this fund, Speedinvest typically cuts seed-stage cheques in the €700,000 to €1.3 million range, pre-seed around €250,000.
Four investments have already been committed via the fund, including Turkish freight and logistics startup Yolda, where Speedinvest led the $1.9 million seed round.
Since 2017, the marketplaces and consumer team has raised over €100 million with more than 50% arriving from external investors. Recent notable portfolio investments include Byrd's €16 million Series B raise, CoachHub's €30 million Series B, and TIER Mobility's $60 million fleet financing via Goldman Sachs.
Speedinvests' first marketplaces and consumer fund portfolio companies have seen over €500 million in follow-on investments from investors including Softbank, Northzone, and Draper Esprit.
"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," commented Speedinvests’ Mathias Ockenfels. "Network effects remains a core pillar of our thesis, but will be anchored by consumer topics as the lines between traditional commerce and platforms becomes more blurred."
More than a dozen experienced marketplace founders and executives of top brands Ankorstore, Vinted, TradingView, and Planetly participated, including Jörg Gerbig, COO of JustEatTakeAway & co-founder of Lieferando.