Apex Ventures holds €10m first close six months into fundraise

Investments will target technology-orientated companies, focusing on digital platforms, artificial intelligence, smart data, cybersecurity and fintech businesses with the potential for above-average global growth.

The fund has a €30m hard-cap, and remains open for subscriptions. It will have a 10-year fund life, with a five-year investment period. A final close is expected in Q1 2018.

It is understood that the fund's first investment is in the process of being closed. 

Investors
LPs in Apex One include AWS, the Austrian federal government's funding bank, which made an initial commitment of €2.5m. Other LPs include German institutional investors and European high-net-worth individuals.

Investments
Along with early-stage funding, the vehicle's management team will provide support and guidance around strategy and execution to its technology-focused portfolio companies. Investment will primarily be made in the DACH region and CEE, with occasional investments in the Nordic and Baltic countries, the UK and the US. Equity tickets from the fund will average €500,000, with a maximum investment size of €2m.

People
Apex Ventures – Christoph Kanneberger, Stefan Haubner, Andreas Riegler (managing partners).

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