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The team behind Point Nine Capital, the Berlin-based venture fund, have announced today that they’re establishing a new 40 million euro fund which will be focused exclusively on early-stage investments. This new fund, to be called Point Nine Capital II, will be managed by current partners Christoph Janz and Pawel Chudzinski. Partners Lukasz Gadowski and Kolja Hebenstreit will be transitioning to advisory roles. Point Nine Capital was established when the investment wing of Team Europe spun off 18 months ago and added Janz, an established entrepreneur and investor.
We’ve had the opportunity to mention Point Nine a couple of times during the past year when Polish learning-network Brainly, online medical scheduling service DocPlanner and SEO-optimization startup Positionly received funding from them. Being based in Germany, it’s not a surprise that they maintain a strong German portfolio. Past and present German investments include ePetWorld, Kreditech, and WestWing, which later went to close a $50 million (37 million euro) funding round. This fund’s investments are not limited to Europe, however. In the case of Vend, a startup from New Zealand, Point Nine indicated a willingness to venture far outside of its typical region to offer funding to a promising project.
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