Project A Ventures is a Berlin-based investor in early-stage technology. It raised its $475m fourth fund.
Limited partners of Project A’s fund generation consist of investors in the US and Europe, selected European corporates and German “Mittelstand” companies as well as well connected entrepreneurs.
The Fourth Fund is a fund that will invest in founding teams who are disrupting their industries. The firm will be focusing on B2C as well as B2B sectors, including fintech and commerce, data infrastructure, supply chains, climate tech, and commerce. Project A will invest in consumer businesses, even though most deals will be B2B-focused.
Project A also announced that it plans to expand its private equity co-investment practice, and will invest up to $80m in Private Equity deals. The firm already has a portfolio consisting of 11 private equity coinvestments over the past years.
This firm is one the most active early-stage European tech investors. It has offices in Berlin, London and Paris. Project A manages $1bn in assets and supports portfolio companies with over 140 functional specialists in key areas like software and product development and business intelligence. It was founded in 2012, and has since supported more than 100 startups.
This portfolio includes companies like Trade Republic, WorldRemit and Voi.