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

  • 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 forwarding platform Forto, modular production platform Arculus, contractor payment platform Deel, and data collaboration platform Graphy. 
  • “We’re proud of our achievements from last couple of years, we’ve helped companies make connections at scale, accelerate their go-to-market strategy, and reduced sales cycles,” Dr. Jeannette zu Fürstenberg, La Famiglia cofounder told Business Insider in an interview.
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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 forwarding platform Forto, modular production platform Arculus, contractor payment platform Deel, and data collaboration platform Graphy.

La Famiglia is focused on industrials, insurance, and logistics and supply chains.

The fund’s LP base includes the Mittal, Pictet, Oetker, Hymer and Swarovski families, Voith and Franke, as well as the owning families behind conglomerates such as Hapag Lloyd, Solvay, Adidas, and Valentino, alongside Skype and Atomico founder Niklas Zennström, Zoopla founder Alex Chesterman, and Personio’s Hanno Renner.

“We’re proud of our achievements from last couple of years, we’ve helped companies make connections at scale, accelerate their go-to-market strategy, and reduced sales cycles,” Dr. Jeannette zu Fürstenberg, La Famiglia cofounder told Business Insider in an interview.

La Famiglia closed its first €35 million fund in 2017 and has since invested in 37 fast-growth firms across Europe and the US. 23 of these investments have already raised subsequent capital from investors such as Andreessen Horowitz and Europe’s Atomico, while four companies have exited, according to Fürstenberg. 

The new fund was predominantly raised before COVID-19 hit.

La Famiglia’s first close came at the end of 2019 before finishing up before the pandemic came. “We had a great response because existing LPs wanted to be involved in the new fund and that’s a great endorsement for new investors,” Judith Dada, partner at La Famiglia, told Business Insider in an interview. 

La Famiglia’s new fund has already made five investments since it closed, with a greater onus on supply chain issues in light of the coronavirus. The reinsurance process and companies looking to manufacture more in Europe has already accelerated that trend while the fund also focuses on future of work.

“Our sector focus is led by signals from leadership out of companies across the world, [these] executives have helped with the strategic direction of the fund,” zu Fürstenberg added. “Another key area for the second fund is sustainability, not just because it’s nice but because it affects the bottom line for businesses.”

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