e.ventures gathers $400m across two early stage funds

Global VC e.ventures has raised $400m for two early stage venture capital funds set to invests across the US and Europe.

The VC raised $225m for its US-focused fund, while its Europe-focused vehicle drew in $175m of capital commitments.

The funds, which are in their sixth iteration, will invest between $1.5m and $10m in pre-series A rounds all the way up to early Series B. e.ventures is targeting tech companies operating in the consumer, SaaS, and fintech sectors.

“As a 20-year-old firm, we are well-versed in investing through cycles,” said e.ventures co-founder and US managing partner Mathias Schilling. “A core tenet of our philosophy is high-leverage, cross functional collaboration across a larger platform.

“Having a global network of partners, the growth team, and technologists sitting within our investment team provides a sum of the parts that is greater as a whole, and gives our early stage practice the nimbleness and flexibility of a small team with the reach and efficacy of a much larger firm.”

e.ventures manages $1.6bn of assets through offices in San Francisco, Berlin, Beijing, Tokyo, and São Paulo. The firm has invested in more than 200 startups including FarFetch, The RealReal, GoPuff, Segment and Shipt.

The firm has been active in the InsurTech sector after joining a $10m seed round for Berlin-based InsurTech platform Coya in 2017 and investing in online insurance broker Minuto Seguros.

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