La Famiglia, the Berlin-based “female-led” VC agency that invests in European B2B tech startups at seed-stage, has raised a second fund totalling €50 million, up from its debut fund of €35 million in 2017.
Investors in La Famiglia have ties to quite a few business giants in Europe and past. They embrace the Mittal, Pictet, Oetker, Hymer and Swarovski households, business leaders Voith and Franke, in addition to the proudly owning households behind conglomerates resembling 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.
Perhaps unsurprisingly, given its investor record, La Famiglia — which has backed 37 startups so far, resembling Forto, Arculus, and Graphy — positions itself primarily based on its business community, promising to foster cooperation between “younger digital disruptors and main firms,” together with many elements of the previous financial system needing to outsource R&D/innovation.
“Our ambition is to seize the elemental shift in worth creation throughout the most important sectors of our European financial system, that are both being disrupted or enabled by digital applied sciences,” La Famiglia founding accomplice Dr. Jeannette zu Fürstenberg tells me. “We imagine that alternatives in fields resembling manufacturing or logistics can be formed by a deep course of understanding of those industries, which is the important thing differentiator in creating profitable outcomes and a power that European entrepreneurs can leverage”.
“Picking up a number of indicators from numerous knowledgeable sources in our community informs the chance panorama we see and permits us to take a position with a powerful sense of market timing,” provides La Famiglia accomplice Judith Dada. “Next to verticals like insurance coverage or industrial manufacturing, we additionally make investments into firms tackling extra horizontal alternatives, resembling sustainability in its huge significance throughout industries, in addition to new ways in which our work is being reworked, for staff of every kind. We search for alternatives throughout a spectrum of technological developments, however are significantly targeted on the appliance potential of machine studying and AI”.
On La Famiglia’s capability to accomplice with large business, zu Fürstenberg cites her personal industrial household enterprise background, rising up with many different “next-generation” household enterprise house owners. “Rather than offering a mere community, which is usually extremely transactional, this publicity has allowed La Famiglia to kind robust relationships which can be constructed on belief,” she argues. “No matter what the age or the business, whenever you put entrepreneurs head to head they usually communicate the identical language, and this enables for quick time to influence for either side”.
Meanwhile, a number of investments have already been made out of La Famiglia’s second fund. They embrace Berlin-based Spread.ai, constructing a product intelligence platform, Munich-based Luminovo, constructing the working system for the electronics business, and London-based ChaosIQ, constructing a resilience infrastructure platform.