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German VC Firm La Famiglia Raises $264 Million

The venture capital company La Famiglia, which is based in Berlin, announced the attraction of investment funds in the amount of $ 264 million.

German VC Firm La Famiglia Raises $264 Million

Source: Pixabay.com

The firm announced that the funds received will be used to finance B2B technology companies in Europe and the United States.

Jeannette Zu Furstenberg, the founding partner of La Famiglia, said that the growth co-investment fund allows you to double the winnings from the portfolio, as well as direct funds jointly with other funds to growing companies if there is a prospect of increasing value. She noted that the strategy of the company’s activities was framed in the structure of the fund.

Since 2017, La Famiglia has invested in the development of 70 firms, including decacorn Deel, unicorns Personio and Forto, as well as technology platforms such as Y42, Sweep, and Buynomics.

La Famiglia represents an entry-level and growth-stage European venture fund that invests in the development of technology companies. The Fund prefers to interact with those firms whose activities have a significant impact on the state of affairs in a particular industry. La Famiglia has the support of the world’s leading entrepreneurs, who provide portfolio companies with valuable early access to the market, effective partnerships, and in-depth expertise.

The Fund is also a reliable access platform and creates a unique interaction between the old and new worlds of business, providing a real differentiated use of capital.

Famiglia employees say that they are not economists, managers, or technologists. The main purpose of their activity is to find some new force at the intersection of economics, technology, and management concepts.

Currently, the firm’s portfolio includes almost 70 startups, including Dell, a payroll and HR management platform valued at $12 billion.

As we have reported earlier, B2B Payments Platform Barte Raises $3 Million.

Serhii Mikhailov

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Serhii’s track record of study and work spans six years at the Faculty of Philology and eight years in the media, during which he has developed a deep understanding of various aspects of the industry and honed his writing skills; his areas of expertise include fintech, payments, cryptocurrency, and financial services, and he is constantly keeping a close eye on the latest developments and innovations in these fields, as he believes that they will have a significant impact on the future direction of the economy as a whole.