Amsterdam’s “radically human venture capital firm” Keen Venture Partners has left the rookie ranks and announced the first close of their second fund at €120 million. The firm is targeting €150 million and expects a final close sometime next year.
Keen typically jumps on board with European scale-ups such as Beekeeper, Crisp, Farewill, and Rescale during the Series A and B rounds, and with the new fund, expects to issue tickets in the €5 million to €10 million range.
Operating under the model of constant ‘thesis sprints’, the team at Keen is always on the hunt for promising companies that match their views on transformational tech and market trends, but it’s perhaps the personal touch that makes the real difference.
Baked into the firm’s core culture is the concept of give, give, ask. Meaning, before getting a slice of the pie, Keen is keen to offer a clean plate, a place to sit, and a cup of coffee. It might be in the way of assisting a startup land a partnership deal or benchmarking a cohort model, all actions that turn the tables and allow a promising young company the chance to see if this VC can really deliver on that oft-so-promised value add.
Keen’s second fund has been fueled by new and existing players including the European Investment Fund, KPN Ventures, and several well-known tech entrepreneurs including founders of Just-eat Takeaway.com, Adyen, and TomTom.
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