Capnamic Ventures, the early-stage venture capital firm based in Berlin and Cologne, officially announces the final closing of its € 115 million tech fund. This fund will invest in technology companies predominantly in the German-speaking region, focusing on B2B solutions, digital infrastructure and digital transformation.
Capnamic plans to invest initially between € 500,000 to € 3,000,000 in early-stage tech companies, with the intention of supporting the portfolio companies further in follow-on rounds. Capnamic sees itself as much more than a transient partner for early-stage companies and supports exceptional entrepreneurs beyond investments in the areas of business development and mentoring.
As the interface between startups and the corporate world, Capnamic leverages a strong group of financial and strategic investors. In the new fund, established corporate investors will support portfolio companies with their network and their experience in addition to their financial contribution. These investors include renowned corporations from different industries like AXA Germany with its AXA Innovation Campus, Cisco and entities of the Sparkassen Group, as well as several media companies, including Rheinische Post Media Group. Among the financial investors are the European Investment Fund, Formuesforvaltning, KfW and NRW.Bank.
Capnamic general partner Jörg Binnenbrücker says: “With our new fund, we are committing to supporting a whole new generation of promising tech startups in developing their businesses. We strongly believe that technology is the core driver of our economy, and we want to use our new fund to invest in the best teams in this sector and create long-term partnerships.”
The vast expertise of the Capnamic team includes more than 70 investments, a high turnover of successful trade sales and IPOs, as well as a strong entrepreneurial track record within the investment team. Capnamic’s portfolio includes data-driven startups such as Adjust and zeotap, B2B-SaaS such as leanIX and Staffbase, and marketplaces like Chronext.
“When it comes to the Internet of Things, Germany is strong with Things, but needs to accelerate with Internet”, says Oliver Tuszik, general manager Cisco Germany. “Overall, Cisco has committed to investing in Germany to support the country’s digital transformation. Our Capnamic investment is an important part of this. Together we can tap into the innovation potential by adding strategic and financial value. ”Jon Koplin, Managing Director EMEAR, Cisco Investments, adds: “Germany has one of the top VC ecosystems in Europe, and we continue to see it mature as illustrated by an increase in start-ups and investors with an enterprise technology focus and increasing relevance to Cisco.”
About Capnamic Ventures
Capnamic Ventures (www.capnamic.com) is one of Europe’s leading early-stage Venture Capital firms, with offices in Berlin and Cologne. The VC invests most of its funds in tech startups in the German-speaking region. Capnamic also joins forces with international co-investors. All portfolio companies are supported through Capnamic’s global network of investors and industry partners.
The vast expertise of the Capnamic team includes more than 70 investments, a high turnover of successful trade sales and IPOs, as well as a strong entrepreneurial track record within the investment team. The general partners are Jörg Binnenbrücker, Olaf Jacobi and Christian Siegele.