Speedinvest closes fourth fund

Speedinvest, one of Europe’s most active early-stage investors, announced the close of Speedinvest 4 – a €350 million fund which was €50 million above the firm’s initial target.

The funds will be utilized to enhance Speedinvest’s portfolio and back the global scaling of early-stage startups.

Some of the LPs that have backed the fund include Aviva, Generali, and Abeille Assurances Ventures.

Speedinvest has invested in several insurance startups including Wefox, Luko, and +Simple.

“This incremental capital gives us even more firepower to support our courageous, innovative entrepreneurs in their journey to global success as we stay consistent with our target portfolio size. In times where access to capital in our industry has been the scarcest in the last ten or more years, reaching this milestone is an amazing testament to how investors share our vision of creating a pioneering, pan-European investment platform, which is both scalable and highly impactful for our portfolio companies, our LPs, and the wider European ecosystem.” – Oliver Holle, CEO and managing partner of Speedinvest.

“Becoming an LP in Speedinvest and investing in some of the most promising new digital and tech firms will bring us closer to emerging technology and consumer trends, helping us create great outcomes for our customers.” – Ben Luckett, managing director, venture capital, Aviva.