Berlin-based venture capital firm Project A has raised a new $200m fund to keep backing n seed and Series A stage enterprises.
Not only will Project A’s third fund bring the total assets under management to $486m, but it will also come on the back of the VC firm opening new offices in London and Stockholm.
In the past, Project A has invested in a wide range of startups. Its portfolio includes the likes of FinTech companies like WorldRemit and Carl as well as e-commerce enterprises like Contorion, HelloPrint and evino, not to mention several InsurTech and PropTech startups.
“We are pleased that our approach as an operational venture capital investor convinces both startups and co-investors,” said Thies Sander (pictured), general partner at Project A, in a statement seen by TechCrunch. “Over the next few years, the new fund will enable us to continue backing passionate European founders and their teams at Seed and A stages – working both on B2B as well as B2C innovations.”
Speaking of WorldRemit, the mobile payments provider raised a huge $175m Series D round in June this year.
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