VC agency btov Partners just lately revealed that it has finalized the closing of its new digital applied sciences early-stage fund “with a quantity of $135M.”
It’s reportedly the second fund that focuses on digital applied sciences, and the ninth for btov Partners, thus far. Investments in earlier fund generations included companies DeepL, Raisin, SumUp, Orcam, Seven Senders, Ottonova, Urban Sports Club, Ledgy, Foodspring (acquired by Mars) and Data Artisans (acquired by Alibaba).
As talked about in the announcement, the fund works intently with btov’s Private Investor Network of skilled enterprise homeowners. More than 70 of the community members “invested personally in the brand new fund and can work intently with the fund crew to establish funding alternatives and help portfolio firms,” the replace revealed.
The record reportedly contains angels similar to Logitech founder Daniel Borel, Scout 24 founder Joachim Schoss, international unicorn hunter Daniel Gutenberg and different skilled entrepreneurs like Holger Hengstler (Dress-for-less), Reiner Mauch (Consors), Toon Coppens (Netlog, Realo) and Tim Schiffers (ParshipMeet Group).
The investments of the brand new fund will “consider matters similar to AI, Digital Health, FinTech, Logistics, B2B SaaS and Marketplaces, all throughout Europe and specializing in seed and collection A levels,” in line with the announcement.
As famous in the replace:
“The associate crew consists of the earlier fund’s line-up of Florian Schweizer, Jochen Gutbrod and Luca Martinelli plus new associate Andreas Goeldi, an skilled serial entrepreneur who co-founded a number of firms in each Europe and the United States.”
Goeldi had his first “profitable exit” again in 2000. Recently, he was working because the CTO of Boston-based AI-oriented video advertising and marketing agency Pixability. He reportedly “holds 4 U.S. patents in massive information analytics and AI-based optimization and has been an energetic angel investor for over 20 years. Goeldi will focus his investments on firms in the AI, B2B SaaS and DevOps areas.”
btov Partners founder Florian Schweitzer acknowledged:
“We are very grateful to have raised this fund with such robust help from our Private Investor Network, in addition to from earlier institutional LPs, notably the European Investment Fund. The shut collaboration with our traders and our expanded partnership will proceed enabling us to establish and win non-obvious funding alternatives higher than ever.”
Florian added:
“btov was initially known as BrainsToVentures and stays true to this spirit as we speak: Nicole Herzog, for instance, was initially a btov co-founder, then constructed up the software program spin-off Umantis and is now energetic as a btov enterprise associate. Andreas Goeldi was an excellent entrepreneurial position mannequin for me throughout my research. He invested in btov startups very early on and is now a basic associate.”
New associate Andreas Goeldi added:
“I’ve identified btov Partners since its earliest days and adopted the spectacular progress of the agency intently. SVOX, my first very profitable early angel funding, was enabled by btov. It is a privilege to hitch this robust partnership now with this new fund era. Europe’s entrepreneurial scene is bursting with power and technical excellence, and we’re in an ideal place to help the strongest startups.“
For extra particulars on this announcement, verify right here.
https://www.crowdfundinsider.com/2021/09/180555-swiss-vc-firm-btov-partners-finalizes-135m-fund-for-early-stage-investments-in-european-digital-tech-startups/
