European VC firm Ventech Capital announced today that it has raised €140 million and hopes to bag another €60 million for its fifth fund.
The firm, with offices in Paris, Münich, and Helsinki, says it will continue to pursue its strategy of focusing on Series A and Seed rounds.
While based in Europe, 75% percent of Ventech’s investments are in the U.S. and it’s also investing in China. The new fund, Ventech Capital V, is backed by European institutional investors, families, and founders.
“We are grateful to all the investors who are putting their trust in us for this fifth fund, some of which since 20 years,” said Jean Bourcereau, Ventech General Partner, said in a statement. “Our ambition remains unchanged: help to build the tech champions in Europe. Thanks to our teams in France, Germany and in the Nordics, we are able to identify, at an early stage, the best entrepreneurs which we then support throughout their international development. At Ventech, we are convinced that the next great European leader will be a technological company.”
Ventech’s previous investments included Withings, which was acquired by Nokia Technologies.