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Business Berlin-based VC fund La Famiglia raises fresh $59 million fund to invest in early-stage enterprise startups

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Jeannette zu Fürstenberg and Judith Dada founders of La Famiglia La Famiglia This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Berlin-based VC fund La Famiglia has raised a new €50 million ($59 million) vehicle to invest in early-stage B2B startups.The company's previous fund invested in Berlin's freight…
Business Berlin-based VC fund La Famiglia raises fresh $59 million fund to invest in early-stage enterprise startups

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Business La FamigliaBusiness La Famiglia Jeannette zu Fürstenberg and Judith Dada founders of La Famiglia

La Famiglia


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  • Berlin-basically based mostly VC fund La Famiglia has raised a brand modern €50 million ($59 million) automobile to speculate in early-stage B2B startups.
  • The firm’s old fund invested in Berlin’s freight forwarding platform Forto, modular manufacturing platform Arculus, contractor payment platform Deel, and records collaboration platform Graphy. 
  • “We’re overjoyed with our achievements from final couple of years, we bear helped companies construct connections at scale, inch their dawdle-to-market technique, and diminished gross sales cycles,” Dr. Jeannette zu Fürstenberg, La Famiglia cofounder urged Enterprise Insider in an interview.
  • Visit Enterprise Insider’s homepage for more reviews.

Berlin-basically based mostly VC fund La Famiglia has raised a brand modern €50 million ($59 million) automobile to speculate in early-stage B2B startups.

The firm’s old fund invested in Berlin’s freight forwarding platform Forto, modular manufacturing platform Arculus, contractor payment platform Deel, and records collaboration platform Graphy.

La Famiglia is centered on industrials, insurance, and logistics and provide chains.

The fund’s LP substandard involves the Mittal, Pictet, Oetker, Hymer and Swarovski households, Voith and Franke, as effectively as the proudly owning households at the support of conglomerates similar to Hapag Lloyd, Solvay, Adidas, and Valentino, alongside Skype and Atomico founder Niklas Zennström, Zoopla founder Alex Chesterman, and Personio’s Hanno Renner.

“We’re overjoyed with our achievements from final couple of years, we bear helped companies construct connections at scale, inch their dawdle-to-market technique, and diminished gross sales cycles,” Dr. Jeannette zu Fürstenberg, La Famiglia cofounder urged Enterprise Insider in an interview.

La Famiglia closed its first €35 million fund in 2017 and has since invested in 37 rapid-speak companies across Europe and the US. 23 of these investments bear already raised subsequent capital from customers similar to Andreessen Horowitz and Europe’s Atomico, while four companies bear exited, in preserving with Fürstenberg. 

The modern fund used to be predominantly raised sooner than COVID-19 hit.

La Famiglia’s first shut came at the close of 2019 sooner than ending up sooner than the pandemic came. “We had a gargantuan response on account of unusual LPs wished to be taking into consideration the modern fund and that is the reason a gargantuan endorsement for new customers,” Judith Dada, accomplice at La Famiglia, urged Enterprise Insider in an interview. 

La Famiglia’s modern fund has already made five investments since it closed, with a elevated onus on provide chain factors in light of the coronavirus. The reinsurance course of and companies having a look to produce more in Europe has already accelerated that vogue while the fund additionally focuses on future of labor.

“Our sector focal point is led by signals from management out of companies internationally, [these] executives bear helped with the strategic direction of the fund,” zu Fürstenberg added. “But every other key space for the 2d fund is sustainability, no longer perfect on account of or no longer it is nice but on account of it impacts the final analysis for companies.”

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