E.Ventures closes early-stage fund on $150m hard-cap

The VC started fundraising in Q3 2015 and held two interim closes. The vehicle's lifespan is a standard 10 years plus extensions. Flick Gocke Schaumburg worked on the legal side, while no placing agent was involved.

The fund's predecessor, E.Ventures IV, closed on $100m. It is not investing in new companies anymore, but is still open for follow-on investments.

Parallel to the European early-stage vehicle, the VC is currently raising a US fund and has an active global $290m growth fund for subsequent financing rounds. E.Ventures has offices in Berlin, San Francisco, Beijing, Tokyo, Moscow and São Paulo.

Investors
The fund's LPs includes corporates Otto Group, Rewe, Haniel and Oetker.

Investments
E.Ventures Europe V will provide capital for European seed and series-A rounds and does not have a sector focus. It aims to invest between €500,000-5m initially, and up to €10m in total. The VC aims to complete five to eight investments per year.

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