In 2021 the formerly Benelux region-focused fund Peak started crossing borders. In June of that year, a map of Germany was tacked to the office wall. Less than three months later, supported by former EQT Ventures investor Indra Sharma, Peak opened an office in Stockholm.
With new regions settling in, the growing firm is back with its fifth fund at €150 million, aimed at supporting early-stage SaaS, marketplace, and platform founders across Europe. According to the firm, more than half of its commitments received arrive via European founders, an ethos that holds true to the firm’s origins, that of an angel collective. A signal of Peak’s growing track record, the newest loading of the barrels is more than twice that of the firm's previous fund which capped at €66 million.
Peak 5 is seeking to make seed-stage investments in approximately 50 European startups, issuing ticket sizes ranging between €250,000 to €4 million. According to the firm, they’ve already deployed a portion of this fund to 3 companies but declined to name them specifically. Peak's most recent investment was in Berlin-based Faircado, a second-hand shopping assistant working as a browser extension.
While it might be rough going out on European tech scene waters these days, Peak points to its 15 years of experience as a clear advantage when it comes to navigating choppy seas.
“We’ve seen many ‘new normals’ over the years investing through crises and hypes,” says Peak co-founder and managing partner Johan van Mil. “We had to reinvent ourselves alongside the changing landscape, but we stay true to our principals: invest in great founding teams solving big problems in a scalable, healthy manner.”
Since 2007, Peak has raised approximately €240 million.