Berlin, February 2024 – A YPOG team led by Stephan Bank advised Speedinvest, a pan-European early stage venture capital fund based in Vienna, on the final closing of its fourth flagship fund at €350 million, €50 million above target.
Together with the capital raised for further follow-on co-investment funds, the total volume of Speedinvest's 2022 Vintage, advised by Stephan Bank and his team, now amounts to € 600 million.
Several new investors joined the final closing of Speedinvest 4 including, Aviva, PwC Germany, Bitburger, ODDO BHF, and Abeille Assurances Ventures. Long-term investors, such as the European Investment Fund (EIF), and first-time investors, such as Generali, participated in the first closing alongside other globally recognized government funds, banks, insurance companies, pension funds, and large family offices. Many of Speedinvest’s successful founders have provided commitments, including from Bitpanda, GoStudent, Billie, Planetly, TWAICE, and Yokoy.
“We are pleased to have advised our longstanding client Speedinvest on the structuring of another flagship fund whose size underlines Speedinvest’s position as a key player in the European start-up industry”, says Stephan Bank.
Speedinvest’s sector-focused investment teams have already made multiple investments across Europe through Speedinvest 4, including Finres (Fintech / France), Surfboard (SaaS & Infra, UK), Fertifa (Health & TechBio, UK), cylib (Deep Tech, Germany), NeoCarbon (Climate & Industrial Tech, Germany) and Fairlyne (Marketplaces & Consumer, France). A majority of these companies have already raised successful follow-on rounds from tier-one VCs.
Team
Dr. Stephan Bank (Lead; Structuring), Partner, Berlin
Dr. Florian Wilbrink (Structuring), Senior Associate, Berlin/Cologne
Dr. Michael Filipowicz (StructuringFunds), Associated Partner, Berlin
Dr. Niklas Ulrich (Regulatory), Associated Partner, Hamburg
Axel Zirn (Structuring), Associate, Berlin
Wolfram Dickersbach (Tax), Associate, Berlin
Florian Thrun (Regulatory), Associate, Hamburg/Cologne
About Speedinvest
With 40+ investors across the continent and offices in Berlin, London, Munich, Paris, and Vienna, Speedinvest has built the largest Seed stage investment team in Europe. It sees more than 60% of all European startups that reach Series A at the pre-Seed and Seed stages, and is ranked among the most active Seed investors in EMEA unicorns.
Download Press Release: YPOG advises €350 million fundraising of Speedinvest's flagship fund
