Hasso Plattner Ventures closes EUR100m fund

Fund

Hasso Plattner Ventures has closed Hasso Plattner Ventures Europe (HPV Europe) on its EUR100m target. The fund was launched on 1 January 2008. The Potsdam-based fund has a lifespan of five years with a two-year extension possible. No terms and conditions were disclosed. The fund did not use a placement agent. Legal advice was provided by P+P Pollath + Partner.

Investors

Investors include Hasso Plattner, who acts as a cornerstone investor, ILB Investitionsbank of the federal state of Brandenburg, CMEA Ventures, and the entrepreneurs Shai Agassi and Arnon Katz.

Investments

While there are several deals in the pipeline, the fund has not made any investments yet. It seeks to invest in software and cleantech companies in Europe and Israel, both early-stage and expansion funding, committing between EUR100,000-4m per transaction, and will also co-invest. Exit strategies will include trade sales and IPOs.

People

Eran Davidson heads a team of three investment managers and two analysts who are responsible both for Hasso Plattner Ventures Europe and its predecessor fund Hasso Plattner Ventures (HPV I). Hasso Plattner Ventures was founded in 2005 in Potsdam to fund IT start-ups. HPV's portfolio encompasses 10 companies in Germany and Austria with more than 300 employees and a combined turnover of EUR15m in 2007.

Name: Hasso Plattner Ventures Europe (HPV Europe)

Closed on: EUR100m

Focus: Europe, Israel, IT cleantech, early-stage, expansion

Contact: Hasso Plattner Ventures Management GmbH

Address: August-Bebel-Str. 88

D-14482 Potsdam

Germany

Tel: +49 331 97992 120

Advisers: P+P Pollath + Partner (Legal).

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