Editorial & Advertiser Disclosure Global Banking And Finance Review is an independent publisher which offers News, information, Analysis, Opinion, Press Releases, Reviews, Research reports covering various economies, industries, products, services and companies. The content available on globalbankingandfinance.com is sourced by a mixture of different methods which is not limited to content produced and supplied by various staff writers, journalists, freelancers, individuals, organizations, companies, PR agencies etc. The information available on this website is purely for educational and informational purposes only. We cannot guarantee the accuracy or applicability of any of the information provided at globalbankingandfinance.com with respect to your individual or personal circumstances. Please seek professional advice from a qualified professional before making any financial decisions. Globalbankingandfinance.com also links to various third party websites and we cannot guarantee the accuracy or applicability of the information provided by third party websites.
Links from various articles on our site to third party websites are a mixture of non-sponsored links and sponsored links. Only a very small fraction of the links which point to external websites are affiliate links. Some of the links which you may click on our website may link to various products and services from our partners who may compensate us if you buy a service or product or fill a form or install an app. This will not incur additional cost to you. For avoidance of any doubts and to make it easier, you may consider any links to external websites as sponsored links. Please note that some of the services or products which we talk about carry a high level of risk and may not be suitable for everyone. These may be complex services or products and we request the readers to consider this purely from an educational standpoint. The information provided on this website is general in nature. Global Banking & Finance Review expressly disclaims any liability without any limitation which may arise directly or indirectly from the use of such information.

OPERATIONAL VC PROJECT A HAS RAISED €180 MILLION

  • The Berlin-based VC’s second funding round is led by the European Investment Fund
  • Investment focus expands to digital health, B2B, and vertically integrated consumer brands
  • Success stems from the VC’s operational approach with a team of 100 specialists

Berlin-based early-stage investor Project A announces the closing of its second fund of €140 million. In addition, the operational VC is about to close a vehicle of another €40 million dedicated to follow on investments in its portfolio companies. In total, Project A raises its assets under management from €80 million to €260 million. The investor base of the new fund includes leading players in Germany’s digital industry as well as established “old economy” companies. Five years after Project A’s foundation, the diversity and quality of this investor base shows that the operational VC has become a trusted approach for investors in the European startup ecosystem.

Alongside existing investors Otto Group and Axel Springer SE, the fund is also backed by the European Investment Fund (EiF) as well as renowned German companies and entrepreneurial families like ProSiebenSat.1, Jahr, Haniel, Ravensburger and Oetker. Individual investors include Rolf Schrömgens (co-founder and CEO of Trivago), Rene Köhler (founder and CEO Internetstores), Holger Hengstler (co-founder dress-for-less), and Brian O’Kelley (founder and CEO of AppNexus).

“We are pleased to have such a diverse range of investors in our new fund,” says Thies Sander, founding partner of Project A. “The last five years have proven our operational model is really valued and impactful, and we are looking forward to further expanding our portfolio this year.”

With more than 40 investments, Project A is an established player in Europe’s venture capital landscape. Project A’s portfolio includes companies such as Lostmy.name, WorldRemit, ZenMate, Treatwell, Tictail,Catawiki, Contorion, Spryker, and KRY. The total portfolio value is more than €2.5 billion, with Project A holding between 10 and 35% of shares.

Since founding in 2012, Project A pursues a truly operational approach which is unique to Europe’s VC scene. Project A employs a unit of 100 specialists in areas like software engineering, digital marketing, business intelligence, sales, design, and recruitment. These experienced professionals actively support Project A’s portfolio companies to lay the groundwork for sustainable growth and success.

The Berlin-based VC co-invests with renowned international investors on a regular basis. Among them are Google Ventures, Accel Partner, Index Ventures, Balderton, Creandum, or Lerer Hippeau Ventures.