Berlin-based Venture Capital (VC) firm Project A has raised $200 million (€180 million) to continue investing in transformational European startups at the seed and Series A stages. The company says it is going to expand its influence in London and Stockholm which the firm describes being among their favorite ecosystems. With this, the total assets under its supervision will shoot up to $486 million (€440 million). It is the third fund Project A has raised until now.
Experts to Aid Portfolio Companies
Project A, apart from providing monetary aids to promising companies, maintain an army of 100 experts in Engineering, Marketing, Product, design, Communications, Sales and Customer Success, Business Intelligence, organizational building, and hiring. Project A claims it can offer support in all critical functions across the startup building stack, in all stages. Over the years, Project A has invested in AI-powered software solution firms WorldRemit, Catawiki, Voi, Sennder, Homeday, Spryker, Micropsi and Uberall among others. “In the next few years, the new fund will equip us to continue backing passionate European founders and their teams at Seed and A stages – working both on B2B as well as B2C innovations,” says Thies Sander, General Partner at Project A.
Knowledge Conference to Make a Road Map
European media houses reported that the “operational” VC firm will host their second annual Knowledge Conference in a more constructive manner. Around 1000 guests including the founders of their portfolio companies and the delegates of companies that Project A plans to invest in were expected to attend the event at Berlin. The pan-European VC has invested the UK, Germany, France, Italy, Netherlands, Sweden and Denmark. It hopes to widen its base further with the new funds. The project will now have US institutional investors such as Top Tier Capital Partners to back them.