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Ex-Rocket Internet employees raise own Euro 170m DeepTech fund

22. June 2020

Berlin — 468 Capi­tal is a new heavy­weight among German venture capi­ta­lists. The focus of the new fund is on young deep-tech compa­nies. The fund, with a volume of 170 million euros, plans to support star­tups from the machine lear­ning, open source and auto­ma­tion segments. 468 Capi­tal is backed by ex-Rocket Inter­net foun­ders Alex­an­der Kudlich and Ludwig Enstha­ler as well as Meso­phere foun­der Florian Leibert. The capi­tal raised comes from insti­tu­tio­nal inves­tors, success­ful foun­ders and larger family offices. 468 Capi­tal recei­ved compre­hen­sive legal, regu­la­tory and tax advice on the struc­tu­ring of the fund from a team led by SMP part­ners Helder Schnitt­ker (photo: SMP) and Stephan Bank. 468 Capi­tal has also already relied on SMP’s exper­tise on the tran­sac­tion side.

468 Capital’s first invest­ments include Enerige plat­form Frequency, Karl­s­­ruhe-based graphics app Vector­na­tor — an invest­ment Leibert likes to talk about as a compe­ti­tor to top dog Adobe — and vete­ri­nary media­tor Felmo. The focus of the fund is to be on highly tech­ni­cal invest­ments in Europe.

“The launch of this fund is forward-looking for the deep tech indus­try.” says Helder Schnitt­ker. “468 Capi­tal is advan­cing important topics such as machine lear­ning, open source and auto­ma­tion through this fund.”

About 468 Capital
468 Capi­tal is a Berlin-based invest­ment firm specia­li­zing in invest­ment manage­ment and finan­cial services. The company focu­ses on inves­ting in compa­nies that specia­lize in provi­ding energy plat­form frequency and high-tech invest­ments. 468 Capi­tal was foun­ded by Alex­an­der Kudlich, Ludwig Enstha­ler and Florian Leibert.

About SMP
SMP is a specia­list tax and commer­cial law firm opera­ting in the core areas of corpo­rate, funds, liti­ga­tion, tax and tran­sac­tions. SMP attor­neys and tax advi­sors repre­sent a wide variety of clients. These include emer­ging tech­no­logy compa­nies and family-run medium-sized enter­pri­ses as well as corpo­ra­ti­ons and private equity/venture capi­tal funds. Since its foun­da­tion in 2017, SMP has become one of the leading addres­ses for venture capi­tal, private equity and fund struc­tu­ring in Germany. The firm and its part­ners have been reco­gni­zed natio­nally and inter­na­tio­nally by JUVE, Best Lawy­ers, Legal 500, Focus, and Cham­bers and Part­ners. Today, SMP employs over 50 expe­ri­en­ced lawy­ers and tax advi­sors in three offices in Berlin, Hamburg and Cologne.

Advi­sor 468 Capi­tal: SMP
Helder Schnitt­ker (Lead), Part­ner, Stephan Bank (Lead), Part­ner, Benja­min Ullrich, Part­ner , Lenn­art Lorenz, Part­ner, Jens Kretz­sch­mann, Part­ner, Matthias Enge, Asso­ciate Part­ner, Adrian Haase, Senior Asso­ciate, Niklas Ulrich, Asso­ciate, David John, Asso­ciate, Mirco Zantopp, Asso­ciate, Florian Wilbrink, Associate.

 

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