E.ventures, 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 e.ventures 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, e.ventures has made investments in the likes of Bird, Farfetch, Sonos, Groupon, Made.com, Blinkist, Natural Cycles and Shopping.com.