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Austria.
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Fresh funding for startups

Speedinvest logo © Speedinvest

Speedinvest 3, the new Speedinvest fund for European early state starts, has raised a great deal of money which it plans to invest in the coming years. The original target was EUR 175 million, but ultimately Speedinvest succeeded in raising EIR 190 million. About EUR 100 million of the capital in this fund is set aside for follow-on financing. At the closing, the main investors of Speedinvest 3 include the European Investment Fund (EIF), Erste Group and the American investor NEA, which is one of the world's largest risk capital companies. Speedinvest led by CEO Oliver Holle already worked closely together in the past with NEA. The Public Employment Service Austria (aws) is also participating in the fund.

Speedinvest says it manages assets of more than EUR 400 million, has branch offices in London, Berlin, Paris, Vienna, Munich and San Francisco. Moreover, its team consists of about 40 investment professionals and many other experts serving the startups. In the meantime, the Speedinvest portfolio is comprised of 140 companies such as Tier Mobility, wefox, Adverity, Tourradar and Bitmovin.

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