capital300 and leading VCs will provide over $100 million to startups in Europe
capital300 announced the close of its USD 50 million Series A fund, which will be invested together with leading US and UK funds into European technology startups. Combined this will provide more than USD 100 million to support the growth of the next wave of European technology talent.
capital300 announces that with the final closing the fund size has more than doubled and has reached the USD 50 million target. capital300 is especially privileged and grateful for the support of some of Austria’s most successful entrepreneurs, corporations and members of startup300 group who all joined as Limited Partners.
With 2018 being a record year for European tech, where European venture backed startups have nearly matched their US counterparts in IPOs and trade sales for the first time ever, the ecosystem is gaining momentum. We see the emergence of several disruptive technologies that will achieve significant economic traction in the years to come. capital300 has a clear goal to enable, support and accompany promising and ambitious teams primarily from the DACH and CEE region to become global leaders in their respective sectors.
“It’s one of the most exciting times to build and finance companies. With core technologies like machine learning and new architectures being put into productive use, we will see huge disruption in the business and social space. I’m grateful that capital300 is there to support the talent and ambition that has flourished in the last couple years and to help them reach the next level.” Peter Lasinger, managing partner
The fund is backing Series A investment rounds of disruptive technology companies run by outstanding teams, typically investing in rounds ranging from 2 to 10 million. As part of its investment strategy, capital300 helps building a bridge to the global market by partnering up and co-investing with global leaders such as Accel Partners, Index Ventures, Sequoia Capital and Greylock. Such partnerships provide local know-how and support as well as unparalleled access to global network, market and financial resources.
“Money is an important enabler to grow successful businesses. But more important are vision, execution and persistence of the founder teams. Our approach provides the very best of them with access to the unmatched experience and network of our fund partners. This will be game changing for them” says Roman Scharf, Capital300 managing partner, who was one of the first European entrepreneurs ever being backed by Sequoia Capital.
In its first year of operations, capital300 has joined forces with two tech companies. In September, together with Index Ventures, capital300 invested into a social, hyper-casual gaming platform Gamee. Just before the end of 2018, capital300 and Draper Associates invested in Authenteq, an automatic identity verification platform.