La Famiglia, a Berlin-based VC fund (not a mafia organization), has raised €250m in third seed fund (€165m) and first growth co-investment fund . (90 million euros).
The fund will focus vertically on ML & AI, data, logistics, supply chain, B2B consumerization, fintech & insurtech, sustainability, the so-called “Industry 4.0” and other new technology areas. increase.
The company currently has over 70 start-ups in its portfolio. Personio (human resource management software); Forto (digital freight forwarding); Y42 (data operations cloud), Sweep (carbon accounting platform, similar to Watershed in the US), Buynomics (commercial operating system), and others. Since closing his first €35 million seed fund in 2017, to date the fund has raised over €350 million. His second €60 million seed fund was offered in 2019.
The fund aims to invest up to €5 million in start-ups, primarily B2B.
Zurich-based quality control platform Ethon.ai has joined as LP, along with the family offices behind brands such as Valentino, Adidas, Swarovski, Hapag Lloyd and Estée Lauder. Founder of Ilkka Paananen (Supercell), Ross Mason (Mulesoft) and Portfolio, he is also backing new entrepreneurs such as Qasar Younis (Applied Intuition), Hanno Renner (Personio) and Michael Wax (Forto). increase.
It’s perhaps not surprising that La Famiglia can reach LPs that other VCs have a hard time reaching. Her founding partner, Dr. Jeannette zu Fürstenberg’s family owns the measurement technology company Krohne Messtechnik (over $780 million in annual sales) and belongs to a rather rare circle of European high society. But Fürstenberg herself is also a former tech entrepreneur, not to mention the fashion bloggers shopping app for smartphones she founded AMAZE and more generally worked in the tech business.
Furstenberg said in an interview: [with the fund raise] Because Fund 1 had very good performance numbers.Funds 1 and 2 were much more difficult [to raise] Compared to. And Fund 3 gave us a lot of performance and spoke for itself. Fundraising is always hard work, but by comparison, I think it was the easiest fundraiser ever. “
The team is also co-led by general partner Judith Dada, who previously ran Facebook’s VC initiatives and previously managed Amazon Europe’s marketing strategy.
Given the issues surrounding today’s macroeconomic environment, have they seen problems with funding?
“There’s still a lot of uncertainty, but overall, just looking at the fundamentals of the types of companies we invest in, Europe probably won’t be home to the next Facebook or the next Amazon, but the next It will be home to Siemens or the next Mersk,” she commented.
Furstenberg said the drop in tech stocks and job cuts “has actually been good for the ecosystem. We’re seeing a lot of good people coming back into the market. From a deal flow standpoint, I think the signal-to-noise ratio has improved a lot, and the quality of the founders we’ve spoken to over the last three to four months has also improved.”
La Familia’s senior investment team now seems appropriate for International Women’s Day and is made up of 60% women (50% of the total team) and 60% individuals of immigrant background (30% of the total team). increase.
Carsten Thoma, founder and enterprise expert at SAP Hybris, will also join La Famiglia as an advisor.
