The firm e.ventures, a 20-year-old, early-stage venture outfit that has historically invested out of dedicated funds in numerous geographies, including the U.S., Russia, Germany, Asia and Brazil, has raised $400 million in fresh capital across two new funds: a $225 million U.S.-focused fund that’s based in San Francisco, and a $175 million fund that’s focused on Europe and based in Berlin.
It says the funds will invest between $1.5 million and $10 million in tech startups, from those at the seed stage to those looking to land Series B funding. The outfit generally looks for consumer, SaaS and fintech startups with global aspirations.
Some of e.ventures’s highest-profile bets to date include FarFetch, The RealReal, Shipt, Groupon and Sonos.
Some of its newest bets include Zippia, a San Mateo, Calif.-based site for job-seekers that raised $8.5 million in Series A funding led by e.ventures; Leapwork, a Denmark-based workplace automation platform startup whose recent $10 million Series A round was co-led by the firm; and Candid, a direct-to-consumer brand in San Francisco that focuses on oral healthcare that raised $63.4 million in Series B funding. (E.ventures was part of a bigger syndicate that included Greycroft, Bessemer, RiverPark Funds and numerous others.)
Mathias Schilling, an e.ventures co-founder, is the firm’s U.S. managing partner.
E.ventures is the second venture outfit in recent days to announce $400 million in new capital commitments. Late last week, L.A.-based Upfront Ventures, an outfit that was founded around the same time and invests roughly half of its capital in L.A.-area startups, announced that it has closed its sixth early-stage flagship fund with $400 million.
Upfront also looks to be closing on a separate, opportunities-type growth fund, judging by a separate SEC filing that lists a $250 million target.
Written by Connie Loizos
This news first appeared on https://techcrunch.com/2019/07/03/e-ventures-the-global-early-stage-venture-fund-has-raised-400-million-more-from-investors/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+Techcrunch+%28TechCrunch%29 under the title “E.ventures, the global early-stage venture fund, has raised $400 million more from investors”. Bolchha Nepal is not responsible or affiliated towards the opinion expressed in this news article.