UK/GERMANY - WHEB Ventures reaches £90m third close

The fund's target is £150m (EUR 175m), which WHEB hopes to achieve by the end of this year.

The fund, which has attracted support from family offices, high net worth individuals and financial institutions, now also counts among its investors the ERP-EIF Fund of Funds and the LfA-EIF Fund of Funds, which between them have invested £21m (EUR 25m).

Simultaneously, WHEB has expanded its office in Munich, Germany, with existing partner Jörg Sperling being joined by Alexander Domin as an associate and Thilo von Selchow and Dr Mike Mattner as venture partners.

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