EIF backs Coparion's €225m venture co-investment fund

Following its official launch in March, the fund hopes to start investing this April. Coparion is managed by David Zimmer, a former director at Quadriga Capital, and Christian Stein, who was a partner at Creathor Venture for seven years.

Investors
Coparion is funded by ERP Special Fund, a €1.7bn fund-of-funds investing in venture capital vehicles mainly focusing on German early- and development-stage technology companies. The EIF manages ERP on behalf of the German Federal Ministry of Economics and Technology (BMWi) and the European Recovery Programme (ERP). KfW Bankengruppe also provided capital for Coparion.

Investments
Coparion focuses on German technology companies. The VC aims to co-invest alongside other backers such as VCs, business angels and family offices, providing up to 50% of a funding round. The maximum ticket size will be €10m.

Compared with High-Tech Gründerfonds, which was also backed by the German government through KfW Bankengruppe, Coparion has a stronger focus on later-stage investments. The VC will back series-A, -B and -C rounds.

People
Coparion – David Zimmer, Christian Stein (managing directors).

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