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Speedvesting turning into the most appropriate option for startups seeking growth

The venture capital fund Speedinvest, headquartered in Vienna, launches a new investment fund. “Speedinvest 3” aims at 175 million euros by the end of 2019. It invests in European start-ups from the fields of Deeptech, Fintech, Artificial Intelligence and Industry 4.0.

“The capital will not only come from Austria but now it’s time to get international investors”, says founder and CEO Oliver Holle on Thursday to journalists. The term of the fund should be 10-12 years. In an investment phase of four years, money from private investors is to be collected by 2020. The minimum investment is 500,000 euros.

An opportunity for new startups

Together with the older funds “Speedinvest 1”, “Speendinvest 2” and various Focus funds, the venture capital investor wants to manage a total of 400 million euros in the future. In this way, Speedinvest wants to become the leading investor in the early-stage sector (“seed”) in Europe and establish the location of Vienna as a start-up hub.

The investment fund supports young start-ups not only with capital but also with know-how, networks, and management. The company has five offices in Vienna, Berlin, Munich, London, Moscow, and Silicon Valley.

Also published on Medium.

Published inFintech

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