
Covesco Venture seeks to raise EUR 50m DACH seed fund
Covesco German Seed Fund GmbH & Co. KG has launched its maiden vehicle, German Seed Fund, targeting €50m.
The fund expects a first closing at the end of the year. It is seeking commitments of around €2.5m from institutional investors with an emphasis on the DACH region and wider Europe.
During its 10 year lifespan, German Seed Fund will invest exclusively in the seed stage and back companies that are 6-12 months away from proof-of-concept or proof-of-market.
The vehicle will invest in DACH-based companies active in the technological space.
The management company, headed by managing director Christian Kutschka, has offices in Munich and Schwäbisch Hall in Baden Württemberg. The other managing partners are Christian H Leeb and Michael Seyda.
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