Berlin’s Point Nine Capital has opened its third investment fund focused on seed and early-stage investment in SaaS and marketplace startups.
The fund will invest between €100,000 and €1m in around 40 early-stage companies, plus cash kept in reserve for follow-on funding, with a UK-based startup investment about to be unveiled.
On the UK tech scene, Point Nine Capital Partner Pawel Chudzinski told Tech City News: “The UK remains the largest tech hub in Europe, so it is definitely a relevant geography for us. Especially in the fintech space, we expect London to be the birthplace of very exciting companies going forward.”
The company has previously invested in UK startups FreeAgent and Geckoboard, German companies like Delivery Hero and Kreditech, along with those from further afield, including Zendesk.
Point Nine companies have gone on to raise over €1bn in follow-on funding from the likes of Accel Partners, Bessemer Venture Partners and Benchmark Capital.
“The team at Point Nine has been a great sparring partner for internationalisation, recruiting, and follow-on financing, ever since their initial investment in 2012,” added Mariusz Gralewski, CEO of DocPlanner, a Polish Point Nine portfolio company. “We are now the biggest healthcare platform in Europe and we look forward to continuing to work with Point Nine to strengthen our position and expand further into new markets.”