Venture capital firm Creathor Venture held the first closing of its third fund at €51m.
Following the first closing, the firm expects to raise a total of at least €80m for the final closing.
Investors include family offices, fund of funds, entrepreneurs, and the European Union.
Creathor Venture Fund III will focus on investing in high-tech companies with an innovative business concept in markets such as mobile, social media, cleantech and life science. The regional focus is on Germany, France, Austria and Switzerland.
As lead investor Creathor Venture generally holds a significant share, in average of about 30%, in its portfolio companies from the early phase up to the EXIT.