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This article was published on March 9, 2015

EU early stage VC firm Speedinvest announces $65 million second fund

EU early stage VC firm Speedinvest announces $65 million second fund
Mic Wright
Story by

Mic Wright

Reporter, TNW

Mic Wright is a journalist specialising in technology, music and popular culture. He lives in Dublin. He is on Twitter at @brokenbottleboy. Mic Wright is a journalist specialising in technology, music and popular culture. He lives in Dublin. He is on Twitter at @brokenbottleboy.

Speedinvest, the Vienna-based early stage venture firm, has announced its $65 million (€60 million) second fund, which it says is the largest ever raised in Austria.

Along with its new fund, the firm is introducing a new model where members of the fund take full-time operational roles in marketing, business and corporate development at its portfolio companies.

In exchange for hands-on-work, Speedinvest’s general partners take an equity stake in the fund. The company’s previous investments include Wikidocs – which was acquired by Atlassian in 2014 – and Indoo.rs, an indoor navigation startup.