Germany-based venture capital (VC) firm Capnamic has closed its third venture capital fund at €190m ($215m) with a mix of corporate and angel investors.
The corporate limited partners include Evonik, Neue Zürcher Zeitung, Fressnapf, organisations of the Sparkassen Finanzgruppe, Rheinische Post and CEWE, and startup founders, such as Jörg Gerbig Lieferando), Dirk Graber Mister Spex) and Verena Pausder Fox & Sheep), acted as angel LPs.
The fund will focus on pre-seed to series A investments in the German-speaking (DACH – representing Germany, Austria and Switzerland,) region. It marks an increase from Capnamic’s prior fund, which raised €115m ($130m) from several corporate limited partners, such as networking equipment producer Cisco, insurance provider Axa Germany, media companies including Rheinische Post Media Group, and financial services group Sparkassen.
Founded in 2012 with offices in Cologne, Berlin and Munich, Capnamic’s portfolio includes education tech startup Cleverly, outcome management specialist Workpath, wearable tech company Nanoleq, coaching platform Sharpist and no-code startup Cedalo.
