The new fund is more than twice as large as its predecessor, Picus Venture Fund I from 2021. It will be used primarily to support the most promising companies in the Picus Capital portfolio worldwide. Picus Capital will continue to invest in early-stage companies. However, the new fund now also allows the investor to support the most promising portfolio companies during important growth phases.
Investors in Picus Venture Fund II include leading investment firm M&G. It is investing through the private markets platform Titanbay from its 5 billion pound Catalyst fund, which focuses on innovative solutions. Other partners include European family offices, among them industry leaders and prominent tech entrepreneurs, some of whom are already involved in Picus Venture Fund I.
Raphael Mukomilow, partner and head of growth at Picus Capital, says:
“We are delighted to announce this strong first closing for our Venture Fund II, as it demonstrates investor confidence in our ability to generate attractive returns. We are pleased to be investing alongside impressive new and existing partners going forward. Our strategic collaboration with investors such as M&G Catalyst from the UK underscores our commitment to supporting purpose-driven technology companies with a strong focus on sustainability – an area of great importance within the strategy of the Picus Venture Fund.”
Picus Capital: “Often the first investor on board”
Robin Godenrath, founding partner and managing director, adds:
“Our investment approach, which involves extensive entrepreneurial sparring with founding teams, means we are often the first investor on board. With Picus Venture Fund II, we are now positioned to continue supporting entrepreneurs in the crucial, later stages of their company. Since founding Picus Capital in 2015, we have built a portfolio of over 200 exciting companies. We now have the opportunity to leverage our information advantage over the market to strategically invest in the most successful companies in our portfolio. We expect this to deliver an excellent risk-return profile for the fund.”
Picus Capital is an international venture capital firm headquartered in Munich with offices in New York, Beijing, Berlin, London, Bangalore, Singapore, Paris, and Mexico City. The VC’s portfolio includes Munich startups such as Personio, Finn, Limehome, Alasco, Hawk AI, Building Radar, and Tanso.
