Capnamic closes $215m venture capital fund for early-stage investments in German-speaking countries

Early-stage investor Capnamic, announced its third venture capital fund of $215 million to focus on Pre-Seed to Series A investments in technology-based startups from the German-speaking region.

A mix of institutional and corporate investors as well as numerous successful entrepreneurs have invested in the fund, including companies such as Evonik, Neue Zürcher Zeitung, Fressnapf, organizations of the Sparkassen Finanzgruppe, Rheinische Post and CEWE, and startup founders such as Jörg Gerbig (Lieferando), Dirk Graber (Mister Spex) and Verena Pausder (Fox & Sheep). With this diverse network of fund investors, Capnamic creates strong access to exclusive knowledge, contacts and growth opportunities for its portfolio companies.

Christian Siegele, Managing Partner, Capnamic: "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. We are very pleased that Capnamic's success to date has convinced a number of major fund investors. With our new, oversubscribed $215 million fund, we will jointly invest in the next generation of global tech champions and accompany them on their way to success." 

Like its predecessor funds, Capnamic I ($45 million) and Capnamic II ($130 million), the third fund is clearly focused on investments in startups in the early stages of their activity. In addition to investments in Seed and Series A financing rounds, with Capnamic III the VC is strongly increasing its commitments in Pre-Seed phases in order to support promising teams even earlier and help them grow.

Capnamic III has already invested in edtech startup Cleverly, outcome management specialist Workpath, wearable tech company Nanoleq, coaching platform Sharpist and no-code startup Cedalo.

www.capnamic.com