Eight Roads goes for round four with a new $450 million fund

Eight Roads Ventures has announced its fourth fund totaling $450 million. The firm is targeting an additional 15 to 20 European and Israeli startups to invest in across the consumer, SaaS, fintech, and healthtech industries with an initial ticket size of $5 to $50 million per company.

Having launched its first dedicated European fund over 10 years ago, Eight Roads has been privy to being a player in one of the most successful periods of European tech.

The firm has over 50 investments in the portfolio including some big name players including AppsFlyer, Cazoo, Fireblocks, Hibob, Made.com, Spendesk, Red Points, and Neo4j.

This new fund is part of a wider programme at Eight Roads, one that manages over $8 billion in capital across Europe, Asia, and the US.

“It’s great to be launching our latest fund at a time when there is so much entrepreneurial energy and ambition in both Europe and Israel and we’re now firmly on a path to building global technology champions out of the region. This additional capital enables us to continue helping ambitious founders scale, win and have a lasting impact on the way we live,” commented Eight Road Ventures Europe’s Davor Hebel.

On having Eight Roads as an investment partner, startup world darling Cazoo’s billionaire founder Alex Chesterman notes, “I’ve always had huge respect for the approach of the Eight Roads team, having built a close relationship with them many years before they invested in Cazoo. They’re knowledgeable, experienced investors, with an international network and can help Europeans founders build global game-changing businesses.”