{"id":25550,"date":"2023-03-08T22:20:16","date_gmt":"2023-03-08T22:20:16","guid":{"rendered":"https:\/\/scienceandnerds.com\/2023\/03\/08\/berlin-vc-fund-la-famiglia-raises-e250m-for-both-seed-and-growth-b2b-startups\/"},"modified":"2023-03-08T22:20:17","modified_gmt":"2023-03-08T22:20:17","slug":"berlin-vc-fund-la-famiglia-raises-e250m-for-both-seed-and-growth-b2b-startups","status":"publish","type":"post","link":"https:\/\/scienceandnerds.com\/2023\/03\/08\/berlin-vc-fund-la-famiglia-raises-e250m-for-both-seed-and-growth-b2b-startups\/","title":{"rendered":"Berlin VC fund La Famiglia raises \u20ac250M for both seed and growth B2B startups"},"content":{"rendered":"

Source:https:\/\/techcrunch.com\/2023\/03\/08\/berlin-vc-fund-la-famiglia-raises-e250m-for-both-seed-and-growth-b2b-startups\/<\/a><\/br>
\nBerlin VC fund La Famiglia raises \u20ac250M for both seed and growth B2B startups<\/br>
\n2023-03-08 22:20:16<\/br><\/p>\n

\n

La Famiglia<\/a>, a Berlin-based VC fund (no, not the Mafia organization, in case there is any confusion) has raised \u20ac250 million for its combined third seed fund (which is \u20ac165 million) and its first growth co-investment fund (\u20ac90 million).<\/p>\n

The fund has a vertical focus on ML and AI, data, logistics and supply chains, consumerization of B2B, fintech and insurtech, sustainability, so-called \u201cIndustry 4.0\u201d, as well as other new technology areas.<\/p>\n

The firm currently has more than 70 startups in its portfolio, including Deel (a payroll and HR platform, most recently pegged at a $12 billion valuation); Personio (HR management software); Forto (digital freight forwarding); as well as Y42 (data operations cloud), Sweep (carbon accounting platform, similar to Watershed in the U.S.) and Buynomics (commercial operating system). To date, the fund has raised more than \u20ac350 million since its inception in 2017, when it closed its first \u20ac35 million seed fund. The second \u20ac60 million seed fund came in 2019.<\/p>\n

The fund aims to invest up to \u20ac5 million in largely B2B startups. Zurich-based quality management platform Ethon.ai<\/a> is the first investment from Fund 3.<\/p>\n

Family offices behind brand names such as Valentino, Adidas, Swarovski, Hapag Lloyd and Est\u00e9e Lauder are LPs in Fund 3. La Famiglia is also newly backed by entrepreneurs such as Ilkka Paananen (Supercell), Ross Mason (MuleSoft), and portfolio founders Qasar Younis (Applied Intuition), Hanno Renner (Personio) and Michael Wax (Forto).<\/p>\n

It\u2019s perhaps unsurprising that La Famiglia can reach LPs other VCs may find it difficult to reach. The family of Founding Partner, Dr. Jeannette zu F\u00fcrstenberg<\/a>, owns the measuring technology company Krohne Messtechnik (annual revenues over $780 million<\/a>), which puts them into fairly rarified circles in European high society. However, it must be said that F\u00fcrstenberg is a long-time investor herself, having backed AMAZE and Angel<\/a> (a shopping app for smartphones geared towards fashion bloggers) as well as worked more generally in tech businesses.<\/p>\n

F\u00fcrstenberg told me over an interview: \u201cI think we got lucky [with the fund raise] because we had really good performance figures for fund one. Fund one and two were a lot harder [to raise] by comparison. And fund three just gave us a lot of performance, and kind of spoke for itself. Fundraising is always a lot of work, but I think it was just the easiest fundraise by far, in comparison.\u201d<\/p>\n

The team is also co-led by general partner Judith Dada<\/a>, who previously ran Facebook\u2019s VC Initiative, and earlier managed Amazon Europe\u2019s marketing strategy.<\/p>\n

Had they seen any problems fundraising given the issues surrounding today\u2019s macro-economic environment? Dada responded: \u201cIt\u2019s a conversation that we have continuously had\u2026 But I think overall, given that we\u2019re investing in B2B technology companies, we see the issues in the market hitting us less hard, potentially, than other funds.\u201d<\/p>\n

\u201cThere\u2019s still a lot of uncertainty but overall, just looking at the kind of fundamentals of the types of companies we invest in, maybe Europe won\u2019t be home to the next Facebook or the next Amazon, but we will be home to the next Siemens or the next Mersk,\u201d she commented.<\/p>\n

F\u00fcrstenberg added that the downturn in tech stocks and layoffs had \u201cactually been good for the ecosystem. We\u2019re seeing a lot of great talent flow back into the market. So it\u2019s getting easier to hire great people. And I think from a deal-flow perspective, the signal-to-noise ratio has gotten so much better. Plus, the quality of founders we\u2019ve spoken to over the last three or four months is better too.\u201d<\/p>\n

Perhaps appropriate for International Women\u2019s Day, La Famiglia\u2019s senior investment team now comprises 60% women (50% of the total team) and 60% individuals with a migration background (30% of the total team).<\/p>\n

SAP Hybris-founder and enterprise expert Carsten Thoma<\/a> also joins La Famiglia as an advisor.<\/p>\n<\/p><\/div>\n

<\/br><\/br><\/br><\/p>\n

Science, Tech, Technology<\/br>
\n<\/br>
\nSource:https:\/\/techcrunch.com\/2023\/03\/08\/berlin-vc-fund-la-famiglia-raises-e250m-for-both-seed-and-growth-b2b-startups\/<\/a><\/br><\/br><\/p>\n","protected":false},"excerpt":{"rendered":"

Source:https:\/\/techcrunch.com\/2023\/03\/08\/berlin-vc-fund-la-famiglia-raises-e250m-for-both-seed-and-growth-b2b-startups\/ Berlin VC fund La Famiglia raises \u20ac250M for both seed and growth B2B startups 2023-03-08 22:20:16 La Famiglia, a Berlin-based VC fund (no, not the Mafia organization, in case there is any confusion) has raised \u20ac250 million for its combined third seed fund (which is \u20ac165 million) and its first growth co-investment fund (\u20ac90 […]<\/p>\n","protected":false},"author":1,"featured_media":25551,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"pagelayer_contact_templates":[],"_pagelayer_content":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[26,17,8],"tags":[],"class_list":["post-25550","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-science","category-tech","category-technology"],"yoast_head":"\nBerlin VC fund La Famiglia raises \u20ac250M for both seed and growth B2B startups - 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