SpeedInvest Announces $55M Collaboration

published 28 May - 14:05 by Petya Sabinova in Austria

Vienna-based seed fund SpeedInvest used the Pioneers Festival to announce a $55-million collaboration with New Enterprise Associates (NEA), one of the biggest VC funds in the US. “We will not only dream big but we have a partner to make these plans come true now,” Speedinvest’s CEO Olliver Holle said for inventures. NEA will invest $5 million directly into Speedinvest’s newly launched second fund and anticipates reserving another $50 million for follow-on investments in Speedinvest portfolio companies.

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