Venture capital firm Project A has closed its oversubscribed 拢278m Fund V, increasing its total assets under management to 拢1bn.聽
The fund will further Berlin-based company鈥檚 core mission of becoming the trusted partner for Europe’s most ambitious entrepreneurs during the pre-seed and seed stages, and even earlier at the idea stage through its Studio platform.
Alongside the investment, the business is also strengthening its London office with the promotion of Jack Wang to partner.
He will join existing partner Malin Posern in Project A鈥檚 growing UK team.
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鈥淥ur conviction in the transformative power of European entrepreneurship is stronger than ever,鈥� said Posern.
鈥淓urope is poised to cultivate the next generation of globally significant companies, and this new fund underscores our deep commitment to being a pivotal partner for these ambitious founders, offering both the essential capital and the deep operational understanding required to navigate their foundational journey.鈥�
Since 2012, Project A鈥檚 team of seasoned operators has established a leading track record in European early-stage investing success. It has a portfolio of 130 ambitious companies.
It has produced unicorns across all of its funds, with notable table companies including Trade Republic, sennder, Zepz and the most recently announced unicorn, Quantum Systems.
Project A鈥檚 dedicated pre-seed and seed focus delivers tailored support and resources including dedicated early-stage commitment, deep sector expertise and the collaborative Project A Studio.
The studio offers support for the very earliest activities, from idea validation, to team development and early market fit.
Anton Waitz, general partner at Project A, added: 鈥淥ur fundamental approach at Project A is to be an indispensable partner for founders from their earliest days.
鈥淭hrough our focused pre-seed and seed strategy, plus our unique studio model, we provide not just crucial initial investment but the practical operational resources and deep expertise necessary to navigate the initial complexities and build scalable, impactful businesses.
鈥淲e鈥檙e excited to partner with the next generation of exceptional European tech leaders through this new fund.鈥�