The Viennese VC Speedinvest is consistently pursuing its strategy of special funds for certain verticals or sectors in the startup industry. Today the closing of the second edition of the Speedinvest x-Fonds is announced, which has been specializing in investments in marketplaces and consumer startups since 2017 and is led by partner Mathias Ockenfels.
There are now 60 million euros in Speedinvest x Fund 2 – significantly more than the targeted 50 million. Anchor investors are (still) the two Austrian media houses Styria and Russmedia, plus a number of European founders (including Ankorstore, Vinted, TradingView, Lieferando and Planetly) who are also investing capital in the fund. In general, it should be noted that 30 million comes from the main Speedinvest fund and the other half comes from the aforementioned investors.
Tier Mobility and GoStudent in the portfolio
“The topics we focus on in this fund are diverse and include everything from B2B to B2C marketplaces to sharing, subscription and circular economy models. Network effects remain a central element of our work, but are supplemented by consumer issues, as the boundaries between traditional retail and platforms are becoming more and more blurred, ”says Ockenfels.
That he and his team have a good knack for investing is shown by the current portfolio, which includes the unicorns Tier Mobility and GoStudent and up-and-coming startups such as Schüttflix, byrd, Planetly or Coachhub. As reported, GoStudent in particular, where Speedinvest has been on board for many years, has proven to be a pretty good return (more on this here).
In total, Speedinvest has collected more than 100 million euros for marketplaces and platforms, with more than 50 million euros coming from external investors and the flagship fund (there are also special funds for fintech and industry) from Speedinvest the other 50 percent of the capital contributed.
Softbank and Speedinvest want to improve diversity in the European startup sector