Speedinvest launches second focus fund generation Speedinvest x 2
Berlin/ Vienna — SMP advised the European VC investor Speedinvest on the structuring of the second focus fund generation Speedinvest x 2. The backers again include the two anchor investors of the first Speedinvest fund, Russmedia and the Styria Media Group from Austria. The Speedinvest x 2 focus fund invests in pre-seed, seed and Series A financing rounds of promising startups in the digital marketplaces and network effects sectors. Speedinvest received comprehensive legal advice from a team led by SMP partner Stephan Bank.
“With the various focus funds, Speedinvest bundles concentrated sector expertise. The success of this investment strategy was recently demonstrated again in the USD 250 million Series C round of the portfolio company Tier Mobility. We are very pleased that SMP was able to accompany the largest Austrian VC fund after the structuring of the Speedinvest 3 fund now also in the launch of the second focus fund generation of Speedinvest x 2″, says Stephan Bank.
Speedinvest is a European venture capitalist headquartered in Vienna that focuses on early-stage investments in DeepTech, FinTech, Digital Health, ConsumerTech, IndustrialTech and Network Effects. Speedinvest relies on a combination of horizontal fund generations and vertical focus funds docked to them. Speedinvest Group employs more than 40 investment professionals who work together in sector-focused teams and 20 operational professionals who provide full-service HR, marketing, business development and U.S. expansion support to portfolio companies. Speedinvest has offices in London, Berlin, Paris, Munich, Vienna and San Francisco. Speedinvest’s portfolio companies include Tier Mobility, Wefox, Legal OS, Planetly, Candis and Fincompare.
Advisor Speedinvest: SMP
Dr. Stephan Bank (structuring/lead management), Partner
Matthias Enge (Structuring), Associated Partner
Lennart Lorenz (Regulatory Law), Partner
Dr. Niklas Ulrich (Regulatory Law), Associate
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 are nationally and internationally ranked 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. www.smp.law