San Francisco based e.ventures, a tech-enabled global venture capital firm, announced it has established two new funds to invest in early stage startups in the U.S. and Europe.
The funds, which collectively have $400 million in new capital, will be spread out over two oversubscribed early stage funds: a $225 million US-focused fund based out of San Francisco and a $175 million Europe-focused fund based out of Berlin. The sixth generation of early stage funds will invest $1.5 to $10 million into technology startups ranging from Pre- Series A/seed to Series A and early Series B. The firm will use this capital to keep partnering with entrepreneurs building rapidly scaling, category-creating consumer, SaaS, and fintech startups planning worldwide expansion.
e.ventures, launched in 1999, believes that, like every other business sector, the venture landscape is changing rapidly. So the firm has created a unique “man+machine” approach to investing in and empowering founders with applicable knowledge and actionable data-driven insights.
e.ventures says it spent its last two decades establishing relationships with some of the strongest founders around the world and in-house proprietary technology platforms to exponentially scale coverage of the fastest growing startups. Its technology provides deep analysis of a company’s business engine and gives key insights to founders not easily accessible to-date.
“As a 20-year-old firm, we are well-versed in investing through cycles,” said Mathias Schilling, e.ventures co-founder and US Managing Partner, in a statement. “A core tenet of our philosophy is high-leverage, cross functional collaboration across a larger platform. Having a global network of partners, the growth team, and technologists sitting within our investment team provides a sum of the parts that is greater as a whole, and gives our early stage practice the nimbleness and flexibility of a small team with the reach and efficacy of a much larger firm.”
e.ventures has invested $1.6 billion in startups, mostly growth and seed focused. investments range from seed to growth. It has invested in over 200 startups globally with notable investments including FarFetch, The RealReal, GoPuff, Segment, Shipt, NGINX, Deposit Solutions, AngiesList, Appfolio, Groupon, and Sonos among many others.