Ventech, a VC firm with offices in Paris, Munich, and Helsinki, has announced the first closing of its newest fund at €140 million. The fifth fund has an eventual target of €200 million that it hopes to reach later this year.
The fund, Ventech Capital V, will back startups at the seed and Series A stages, investing anywhere €500,000 to €15 million. While the firm has previously invested heavily in the US and China, this new fund is made up exclusively of European investors and family offices and will focus largely on startups around the continent.
Some of its recent investments in Europe include Hostmaker and Talent.io.
“Our ambition remains unchanged: help to build the tech champions in Europe,” said Jean Bourcereau, general partner at the firm, which has been in business for more than 20 years. “Thanks to our teams in France, Germany and in the Nordics, we are able to identify, at an early stage, the best entrepreneurs which we then support throughout their international development.”
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