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.
