Vsquared Ventures raises €165 million for second early-stage fund

Photo: Lise Rech­stei­ner, Inves­tor and new Gene­ral Part­ner of the Vsqua­red Team
23. Novem­ber 2022

Munich/ Berlin — Deep tech-focu­­sed venture capi­ta­list Vsqua­red Ventures has raised €165 million for its new early stage fund, which will conti­nue to invest in Euro­pean star­tups in the deep tech space. “We stron­gly believe that the Euro­pean deep tech indus­try will outper­form other regi­ons in the coming years,” said Bene­dikt von Schoe­ler, Gene­ral Part­ner at Vsqua­red. That’s why the Munich-based VC firm, foun­ded in 2016, will conti­nue to invest in Euro­pean star­tups in the deep tech space, he said.

A YPOG team led by Jens Kretz­sch­mann advi­sed Munich-based venture capi­tal inves­tor Vsqua­red Ventures on the struc­tu­ring of its second early-stage fund. Estab­lis­hed LPs such as the Euro­pean Invest­ment Fund as well as renow­ned family offices and entre­pre­neurs parti­ci­pa­ted in the closing.

With the new fund, Vsqua­red will invest prima­rily in early stage foun­ders and star­tups from the deep tech sector. Since laun­ching its first Vsqua­red fund in 2020, the company has built a port­fo­lio of more than 30 compa­nies, inclu­ding star­tups such as rocket manu­fac­tu­rer Isar Aero­space, quan­tum compu­ting deve­lo­per IQM and high-perfor­­mance battery specia­list Customcells, as well as Zama, which provi­des AI-driven encryp­tion to incre­ase online privacy.

The venture capi­tal investor’s focus is on promo­ting Europe’s strengths — the strong talent pool in the deep tech sector and indus­trial know-how.
Deep Tech is incre­a­singly percei­ved as an effec­tive solu­tion to the chal­len­ges and crises of our time, for which Europe can take a global leaders­hip role in the future. The fund will support star­tups from the outset to drive the deve­lo­p­ment and scaling of ideas that will cement and streng­t­hen Europe’s repu­ta­tion in deep tech.

Inves­tor Lise Rech­stei­ner beco­mes gene­ral part­ner of the Vsqua­red team. — She comes with expe­ri­ence from her profes­sio­nal posi­ti­ons at Rocket Inter­net, Bauer Venture Part­ners and Nordic Impact. She also co-foun­­­ded the deep tech fund Propa­ga­tor Ventures.

About Vsqua­red Ventures

Vsqua­red Ventures is a tech­­no­­logy-focu­­sed early-stage inves­tor based in Munich. Suppor­ted by pionee­ring entre­pre­neurs and tech­no­logy indus­try experts, they are crea­ting a streng­t­he­ning ecosys­tem to provide inter­di­sci­pli­nary know­ledge and access to those who are inven­ting the future, and to collec­tively take their compa­nies to the next level of deve­lo­p­ment. Areas of focus include New Space, Quan­tum Compu­ting, New Mate­ri­als, AI, Robo­tics and Enter­prise SaaS.

Advi­sor VSqua­red Ventures: YPOG

Jens Kretz­sch­mann (Lead, Struc­tu­ring), Partner
Dr. Helder Schnitt­ker (Tax), Partner
Dr. Sebas­tian Schö­del (Corpo­rate), Asso­cia­ted Partner
Michael Blank (Struc­tu­ring), Associate
Dr. Fried­rich Wöhlecke (Tax, Struc­tu­ring), Associate
Stefa­nie Nagel (Regu­la­tory), Associate
Sylwia Luszc­zek (Inves­tor Onboar­ding), Legal Project Manager
Ricardo Pfaff (Inves­tor Onboar­ding), Foreign Lawyer

About YPOG

YPOG is a specia­list tax and commer­cial law firm opera­ting in the core areas of Funds, Tax and Tran­sac­tions. The YPOG team advi­ses a wide variety of clients. These include
emer­ging tech­no­logy compa­nies and family-run medium-sized enter­pri­ses as well as corpo­rate groups and private equity/venture capi­tal funds. YPOG is 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, YPOG employs more than 100 expe­ri­en­ced lawy­ers, tax advi­sors, tax specia­lists and a notary.
in three offices in Berlin, Hamburg and Cologne.

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