German VC firm raises €355 million fund to continue investing in early-stage startups in the US and Europe

Robin Wauters

Robin Wauters

Co-founder and editor-in-chief of, with previous stints at The Next Web and TechCrunch under his belt. Deeply in love with his family, technology, traveling and Belgian beer., a globally active venture firm started in Germany, has closed a new fund to the tune of €355 million ($400 million), with the European Investment Fund and German industry behemoths such as Otto Group, Lidl, Kärcher, Dr. Ing. Oetker, KfW, Jägermeister and Porsche participating in the fundraising.

The biggest chunk of the money will be invested in US-based startups, where has an office in San Francisco. The rest will go to Europe; the firm also has offices in Berlin, Tokyo, Beijing and São Paulo.

In the past, has made investments in the likes of Bird, Farfetch, Sonos, Groupon,, Blinkist, Natural Cycles and

A slew of venture firms in Europe have raised new funds recently, including Berlin-born Cherry Ventures, Munich-based 42CAP, Swedish-born Creandum and London-based Talis Capital.

Sources: Handelsblatt, Gründerszene

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