Venture capital firm Holtzbrinck Ventures has closed its seventh fund. The Munich and Berlin-based VC raised €306 million, breaking the €1 billion barrier in assets under management.
Within three months, mainly existing investors paid into the seventh fund of Holtzbrinck Ventures With assets under management now exceeding one billion euros, the VC sees itself as a leading venture capitalist in Germany. Rainer Maerkle, General Partner at the VC, is pleased with the investors’ trust in the company’s investment strategy.
The VC intends to continue investing the fresh capital in the internet and technology sectors. Maerkle says:
“The focus is on solutions in the areas of internet, mobile, software, health, finance and digital media for both corporate and end-customer customers.”
Holtzbrinck Ventures strengthens activities in the seed phase
Holtzbrinck Ventures announces that it will invest between half a million euros and five million euros in Series A rounds. However, the lion's share will flow into later-stage startups. The VC is targeting investments of up to 40 million euros per deal. With a new seed program, the company aims to support early-stage startups, according to Maerkle:
“The fund will now also finance young companies with a simplified investment process with amounts well below 500,000 euros.”
This allows founders more flexibility in the initial phase.
