42CAP, a Munich, Germany based seed stage venture capital firm focused on investing B2B software startups, closed its second fund, at €50m.
Limited Partners in 42CAP II GmbH & Co. KG, include the European Investment Fund (EIF), KfW Capital, Isomer Capital and private investors and business angels.
Led by General Partners Alex Meyer and Thomas Wilke, as well as Moritz Zimmermann, Konstantin Urban, Craig Forrest, Max Cartellieri, and Josef Brunner, 42CAP invests in seed stage companies with global ambitions.
The investments focus is on B2B applications that enable organizations to become more agile and efficient, and it ranges from SMB to Enterprise customers.
The firm initially invests €0.5m to 1.5m.
Among others, Portfolio companies include around 20 companies, including Adverity, OnTruck, Shine, Crosser, scoutbee, etc.
The fund is supported by InnovFin Equity with financial support from the European Union under the Horizon 2020 financial instruments and the European Strategic Investment Partnership (EFSI) established under the Investment Plan for Europe.