Undertaking A, a technology-focused enterprise capital agency with places of work in London and Berlin, has secured £278m to launch its subsequent funding fund.
Fund V, which will increase the agency’s whole property beneath administration to £1.03bn, will goal European startups on the pre-seed and seed stage.
The agency claims to have explicit sectoral experience in fintech, world provide chains and autonomous work.
“Our conviction within the transformative energy of European entrepreneurship is stronger than ever,” stated Malin Posern, a accomplice at Undertaking A.
“Europe is poised to domesticate the following era of worldwide important corporations, and this new Fund underscores our deep dedication to being a pivotal accomplice for these bold founders, providing each the important capital and the deep operational understanding required to navigate their foundational journey.”
Based in Berlin, the agency expanded to London in 2021. It counts Labrys, Relay and Nettle amongst its UK-based portfolio corporations.
“Our elementary method at Undertaking A is to be an indispensable accomplice for founders from their earliest days,” added Anton Waitz, basic accomplice at Undertaking A.
“By our centered pre-seed and seed technique, plus our distinctive Studio mannequin, we offer not simply essential preliminary funding however the sensible operational assets and deep experience essential to navigate the preliminary complexities and construct scalable, impactful companies. We’re excited to accomplice with the following era of outstanding European tech leaders by this new fund.”
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