Earlier this month, La Famiglia, a Berlin-based VC agency that invests in seed-stage European B2B tech startups, disclosed that it raised a second fund totaling €50 million, up from its debut fund of €35 million in 2017.
The agency writes first checks of as much as €1.5 million in European startups that use know-how to handle a big want inside an business. It’s backed 37 startups thus far (together with Forto, Arculus and Graphy) and seeks to place itself based mostly on its business community, a lot of whom are LPs.
La Famiglia’s traders embody the Mittal, Pictet, Oetker, Hymer and Swarovski households, business leaders Voith and Franke, in addition to the households behind conglomerates equivalent to Hapag-Lloyd, Solvay, Adidas and Valentino. In addition, the likes of Niklas Zennström (Skype, Atomico), Zoopla’s Alex Chesterman and Personio’s Hanno Renner are additionally LPs.
Meanwhile, the agency describes itself as “female-led,” with founding companion Dr. Jeannette zu Fürstenberg and companion Judith Dada on the helm.
With the ink solely simply dry on the brand new fund, I put inquiries to the pair to get extra element on La Famiglia’s funding thesis and what it appears for in founders. We additionally mentioned how the agency faucets its “previous financial system” community, the way forward for business 4.zero and what La Famiglia is doing — if something — to make sure it backs numerous founders.
TechCrunch: You describe La Famiglia as B2B-focused, writing first checks of as much as €1.5 million in European startups utilizing know-how to handle a big want inside an business. In specific, you cite verticals equivalent to logistics and provide chain, the economic house, and insurance coverage, whereas additionally referencing sustainability and the way forward for work.
Can you elaborate a bit extra on the fund’s remit and what you search for in founders and startups at such an early stage?
Jeannette zu Fürstenberg: Our ambition is to seize the elemental shift in worth creation throughout the biggest sectors of our European financial system, that are both being disrupted or enabled by digital applied sciences. We consider that alternatives in fields equivalent to manufacturing or logistics will probably be formed by a deep course of understanding of those industries, which is the important thing differentiator in creating profitable outcomes and a energy that European entrepreneurs can leverage.
We search for visionary founders who see a brand new future, the place others solely see fragments, with grit to push by adversity and a inventive power to form the world into being.
Judith Dada: Picking up loads of indicators from varied knowledgeable sources in our community informs the chance panorama we see and permits us to speculate with a powerful sense of market timing. Next to verticals like insurance coverage or industrial manufacturing, we additionally make investments into firms tackling extra horizontal alternatives, equivalent to sustainability in its huge significance throughout industries, in addition to new ways in which our work is being reworked, for staff of all sorts. We search for alternatives throughout a spectrum of technological developments, however are notably centered on the applying potential of ML and AI.