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Speedinvest launches second focus fund generation Speedinvest x 2

Photo: Oliver Holle, Co-Foun­der, Mana­ging Part­ner of Speedin­vest, Vienna
25. Novem­ber 2020

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.

About Speedin­vest
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

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 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

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