Capnamic Ventures, a Berlin and Cologne, Germany-based early-stage venture capital firm, closed its tech fund, at €115m.
Investors include AXA Innovation Campus, Cisco and entities of the Sparkassen Group, Rheinische Post Media Group, European Investment Fund, Formuesforvaltning, KfW and NRW.Bank.
The firm will make individual investments between €500k and €3m in early-stage tech companies, predominantly in the German-speaking region, focusing on B2B solutions, digital infrastructure and digital transformation.
Capnamic also provides portfolio companies with follow-on funding rounds as well as business development and mentoring support.
Led by general partner Jörg Binnenbrücker, Olaf Jacobi and Christian Siegele, the firm has invested in data-driven startups such as Adjust and zeotap, B2B-SaaS such as leanIX and Staffbase, and marketplaces like Chronext.