Point Nine Capital, a German early-stage venture capital firm which has recently been active in the Canadian market, has raised a new €40 million partnership, Point Nine Capital II. Self-described as the “Angel VC” because of its angel investment approach to venture capital activity, Point Nine participated in the syndicated financing of Edmonton startup Jobber Inc. in February, 2013, and last year backed Vancouver’s Themis Solutions Inc.
Point Nine Raises New €40 Million Venture Capital Fund,Continues On Its Path to Building a Leading Independent Early-Stage VC
Berlin, Germany – Point Nine Capital, the first Internet VC to come out of Berlin, today announced that it has closed Point Nine Capital II, a €40 million venture capital fund focused exclusively on early-stage Internet investments. The new fund marks an important milestone on Point Nine’s path to building a leading independent European early-stage VC.
Point Nine Capital II has already invested in a number of successful Internet startups such as Brainly, ePetWorld, Kreditech, Positionly, Shiftplanning and Vend. Previously, Pawel Chudzinski and Christoph Janz were among the first investors in companies like Clio, Delivery Hero, Madvertise, Westwing and Zendesk. While Point Nine Capital has emerged from the Berlin startup scene and has its office in the German capital, the fund invests all across Europe and in some cases even outside of Europe.
“Our goal is to back the best early-stage entrepreneurs as they build industry-changing companies in areas like SaaS, eCommerce, marketplaces and mobile”, said Christoph Janz, whose startup experience goes back as far as 1997, when he co-founded comparison shopping engine DealPilot. “Our tagline has always been ‘The Angel VC’. The new fund allows us to combine our founder-friendly no-nonsense ‘angel investor’ approach with the ability to provide much stronger financial support.”
“Christoph was an investor in my first Internet startup in 2003. He is one of those guys who will do everything he can to help you succeed, be it with strategic advice or hands-on support. When I was about to start Westwing about two years ago it was clear to me that I wanted to work with him again,” added Stefan Smalla, Founder & CEO of Westwing. “Point Nine embodies exactly the right mix between early stage angel investing and a professional VC. Congratulations to Christoph and Pawel on the new fund!”
Investors in Point Nine Capital II include leading private equity fund-of-funds like Horsley Bridge Partners and SAP Ventures as well as a number of successful entrepreneurs and private funds from Germany and a variety of other European countries. These include, among others, Arend Lars Iven and Ron Hillman of Berlin Venture Partners, Jan Beckers, Michael Ambros und Gunther Schmidt (founders of eKomi), the founders of Cube Investments from Spain and RTA Ventures and Xevin from Poland. Pawel Chudzinski and Christoph Janz, as well as the founders of Team Europe, have made significant investments into the fund, too.
18 months ago the investment arm of Team Europe, which had been managed by Pawel Chudzinski, was spun off, changed its name to Point Nine Capital and strengthened its leadership team with the addition of serial entrepreneur and angel investor Christoph Janz. Coinciding with the closing of the new fund, Lukasz Gadowski and Kolja Hebenstreit of Team Europe are leaving the fund’s investment committee. They will continue to support Point Nine as advisors.
About Point Nine Capital
Point Nine Capital is a Berlin-based venture capital firm focused exclusively on early-stage Internet investments in areas like Software-as-a-Service (SaaS), eCommerce, marketplace and mobile. The fund and its managers, Pawel Chudzinski and Christoph Janz, have backed a number of highly successful Internet companies such as Delivery Hero, Clio, Shiftplanning, Vend, Westwing and Zendesk from their earliest stages. In early 2013, Point Nine announced the closing of a new €40 million fund, Point Nine Capital Fund II. More information can be found at www.pointninecap.com
Pawel Chudzinski email@example.com +49/171/6427600
Christoph Janz firstname.lastname@example.org +49/151/23000206
Photo courtesy of Shutterstock.