Capnamic Ventures, the German-based early-stage investor, announced its latest capital fund totaling $215 million Thursday (March 3).
The company said the money will focus on pre-seed to Series A investments in German tech startups.
“Since its inception, Capnamic has been dedicated to one goal only: to support the most promising tech startups from the German-speaking region in the best possible way to grow and scale internationally,” said Christian Siegele, Capnamic’s managing partner, in a statement.
The group of investors included institutional and corporate financiers as well as entrepreneurs including Evonik, Neue Zürcher Zeitung, Fressnapf, divisions of the Sparkassen Finanzgruppe, Rheinische Post and CEWE, and startup founders Jörg Gerbig of Lieferando and Takeaway.com, Dirk Graber at Mister Spex and Verena Pausder from Fox & Sheep.
The diverse network of investors, Capnamic said, creates access to knowledge, contacts and growth opportunities for its companies.
The Capnamic team has offices in Cologne, Berlin and Munich and includes more than 100 investments.
“We will jointly invest in the next generation of global tech champions and accompany them on their way to success,” Siegele added.
Capnamic’s investments included EdTech startup Cleverly, outcome management specialist Workpath, wearable tech company Nanoleq, coaching platform Sharpist and no-code startup Cedalo.
Capnamic is not the only tech funding game in town.
This week, FinTech investor CommerzVentures closed a 300 million euro ($334 million) funding round designed to support companies in the FinTech and InsurTech sectors.
See also: German Investor CommerzVentures Raises $334M to Boost EU FinTech and Insurtech Startups
The round, announced Tuesday (March 1) on the German company’s website, brings the total funding under management to 550 million euros ($612 million).
The launch of the fund, the company’s third, is expected to see the organization double its staff, “enabling them to strengthen their position in FinTech globally, and establish a foothold in new geographies, notably Africa,” the firm said.
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