Christian Winter, a GCV Powerlist 2016 award winner and head of Tengelmann Ventures, the Europe-focused corporate venturing unit of the eponymous Germany-based retailer, has set up Cusp Capital as an independent venture capital firm.
Alongside former Tengelmann colleagues Jan Sessenhausen, Helmut Klawitter and Wilken Engelbracht, Winter and Cusp Capital have raised €300m ($361m), according to news provider TechCrunch.
Its limited partners reportedly include institutional investors, such as the European Investment Fund, KfW Capital, RAG Stiftung, and NRW.BANK, alongside family offices and entrepreneurs.
In a statement Christian Winter, general partner, said: “Cusp Capital is built on and incorporates our experience as investors over the past decade. We have worked in various operational roles and accompanied more than 50 early-stage companies to successful exits and IPOs.”
Cusp Capital will back early-stage young tech companies across Europe with a focus on sustainability and widening access to financing for lower-income consumers.
