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Europe’s Point Nine outs new ~€100M fund to back early-stage SaaS and digital marketplaces – TechCrunch

Point Nine, the pan-European early-stage VC targeted on SaaS and digital marketplaces, has raised its fifth fund, totalling simply in need of €100 million (in actual fact, “P9 V” is a €99,999,999 fund — get it?).

Regardless of its Berlin, Germany roots, the VC has at all times operated pretty remotely and invests globally. In whole, it has invested in additional than 140 corporations in 28 nations during the last 10 years.

Historically, Level 9 has been an early backer of well-known and up and coming corporations comparable to Algolia, Brainly, Chainalysis, Contentful, Supply Hero, DocPlanner, Loom, Mambu, Revolut, and Typeform.

To that finish, armed with new capital to deploy, it’s largely enterprise as ordinary for Level 9. The VC invests between €0.5 to €2.5 million per firm initially and says it’s dedicated to collaborating within the Collection As of all portfolio corporations. As famous, its funding remit is B2B SaaS and B2B market startups, primarily throughout Europe and North America.

An equal partnership: ‘a characteristic, not a bug’

Together with the brand new fund, Level 9 is asserting the addition of two new companions, Louis Coppey and Ricardo Sequerra Amram. Notably, the agency is transferring to an “equal partnership” mannequin (à la Benchmark, which means that Coppey and Amram will share equal carry (income) with the agency’s founding companions Pawel Chudzinski and Christoph Janz.

Coppey joined Level 9 as an affiliate 4 years in the past and led the agency’s investments in PlayPlay,, and Qwilr. Sequerra Amram joined Level 9 from Cherry Ventures, the place he’s mentioned to have sourced and labored with Rekki and Infarm, amongst different corporations. Previous to Cherry, he labored in varied operational and funding roles at Faber Ventures, Seedrs, and Seedcamp.

“Virtually ten years after beginning Level 9, we’re thrilled to announce that two up-and-coming stars within the tech business have joined us as equal Companions,” says Level 9’s Christoph Janz, in an announcement. “Each Louis and Ricardo have demonstrated a rare means to identify new corporations, develop sturdy bonds with entrepreneurs, contribute to the tech group, and assist early-stage startups beat the chances. At ages 29 and 30, they’re considerably earlier of their careers than the 2 of us. That’s a characteristic of our equal partnership, not a bug,” says Christoph Janz”.

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Steve O'Hear