Following the success of its first fund, Leipzig-based VC fund Smart Infrastructure Ventures has introduced the launch of its €30 million fund, SIVentures II to additional spend money on early-stage startups centered on revolutionary applied sciences in AI, IT infrastructure and vitality.
The present funding technique plans to spend money on a complete of round 30 startup groups, above all within the DACH area, with as much as €500k being made obtainable for preliminary investments.
“We now have already recorded two profitable exits, such because the sale of the Leipzig-based digital well being startup mentor to the US medical know-how group ResMed. This important exit after a brief time frame has naturally had a constructive impression on our fundraising for SIVentures II,” explains Dirk Frohnert, one of many two managing administrators of SIVentures.
Based in 2019, the founding workforce – consisting of Björn Bauermeister, previously a dealer at BNP Paribas in New York and London, and Dirk Frohnert, previously a fund supervisor at JPMorgan in London – is supported by Falk Trietsch as an funding supervisor.
The SIVentures workforce has greater than 20 years’ expertise in funding and entrepreneurship.
SIVentures additionally works intently with the SpinLab group, which manages a number of accelerator programmes in Germany and has an intensive associate community.
“As an energetic investor, we not solely supply startups capital, but in addition see ourselves as a proactive sparring associate,” provides Björn Bauermeister, the second Managing Director of SIVentures.
After the profitable closing of the primary fund in 2024, greater than 75% of the goal worth of €30 million has already been achieved. The fund’s administration plans to double its quantity in comparison with the primary fund.
Profitable investments from the primary fund embrace the Jena-based cybersecurity-company Enginsight. In keeping with the fund, their portfolio firms have created greater than 300 new jobs in Germany to this point.
The brand new fund will deal with B2B startups within the pre-Seed and Seed part, and has already made 4 investments within the fields of AI, software program growth and enterprise software program. Different potential investments are actually within the due-diligence.
