Point Nine, the pan-European early-stage VC centered on SaaS and digital marketplaces, has raised its fifth fund, totalling simply wanting €100 million (in actual fact, “P9 V” is a €99,999,999 fund — get it?).
Despite its Berlin, Germany roots, the VC has all the time operated pretty remotely and invests globally. In complete, it has invested in additional than 140 corporations in 28 international locations over the past 10 years.
Historically, Point Nine has been an early backer of well-known and up and coming corporations similar to Algolia, Brainly, Chainalysis, Contentful, Delivery Hero, DocPlanner, Loom, Mambu, Revolut, and Typeform.
To that finish, armed with new capital to deploy, it’s largely enterprise as ordinary for Point Nine. The VC invests between €0.5 to €2.5 million per firm initially and says it’s dedicated to taking part within the Series As of all portfolio corporations. As famous, its funding remit is B2B SaaS and B2B market startups, primarily throughout Europe and North America.
An equal partnership: ‘a function, not a bug’
Along with the brand new fund, Point Nine is saying the addition of two new companions, Louis Coppey and Ricardo Sequerra Amram. Notably, the agency is transferring to an “equal partnership” mannequin (à la Benchmark, which means that Coppey and Amram will share equal carry (income) with the agency’s founding companions Pawel Chudzinski and Christoph Janz.
Coppey joined Point Nine as an affiliate 4 years in the past and led the agency’s investments in PlayPlay, cargo.one, and Qwilr. Sequerra Amram joined Point Nine from Cherry Ventures, the place he’s mentioned to have sourced and labored with Rekki and Infarm, amongst different corporations. Prior to Cherry, he labored in numerous operational and funding roles at Faber Ventures, Seedrs, and Seedcamp.
“Almost ten years after beginning Point Nine, we’re thrilled to announce that two up-and-coming stars within the tech trade have joined us as equal Partners,” says Point Nine’s Christoph Janz, in an announcement. “Both Louis and Ricardo have demonstrated a unprecedented capability to identify new corporations, develop robust bonds with entrepreneurs, contribute to the tech group, and assist early-stage startups beat the percentages. At ages 29 and 30, they’re considerably earlier of their careers than the 2 of us. That’s a function of our equal partnership, not a bug,” says Christoph Janz”.