Austrian VC capital300 closes its Series A fund with $50M announcing investments into European tech startups

Peter Lasinger and Roman Scharf, founders of capital300 VC / photo: capital300 website

Austrian VC capital300 closes its Series A fund with $50million, the VC announced, adding that funds will be used to enable and support the European tech talent in building the next globally leading companies. Reportedly the investments will be ranging from $2 to $10 million and the VC is targeting the most disruptive technology companies run by an outstanding European team. The sectors that capital300 focuses on are AI, Blockchain, SaaS and VR / AR.

Peter Lasinger, Managing Partner at capital300 / photo: capital300 website

“We see the emergence of several disruptive technologies that will achieve significant economic traction in the years to come. capital300 has a clear goal to enable, support and accompany promising and ambitious teams primarily from the DACH and CEE region to become global leaders in their respective sectors… I’m grateful that capital300 is there to support the talent and ambition that has flourished in the last couple years and to help them reach the next level”, says Peter Lasinger, Managing Partner at capital300.

The first investment will be announced during the first quarter of 2019 and the yearly target is to support four to six startups.

Roman Scharf, Managing Partner at capital300 / photo: capital300 website

“The startups must all be global, have a defensible IP advantage, have a perfectly positioned team and are good for an exit,” says Roman Scharf, Managing Partner at capital300, Austrian Trending Topics reported. “In the selection of investments we are very picky. Only 12 of 800 start-up companies would made it to the shortlist, 3 to 4 of them would get investments”, adds Scharf.

Besides funds, capital300 will help startups to also partner with global leaders such as Accel Partners, Index Ventures, Sequoia Capital and Greylock.

“Money is an important enabler to grow successful businesses. But more important are vision, execution and persistence of the founder teams. Our approach provides the very best of them with access to the unmatched experience and network of our fund partners. This will be game changing for them” explains Scharf.

Founded in 2017 by Peter Lasinger and Roman Scharf in Linz, Austria, capital300 is a Series A venture capital fund backing disruptive European technology companies run by ambitious entrepreneurs. capital300 has established co-investment partnerships with the leading US VC firms thus providing the portfolio companies with a substantial leverage for conquering the US market and building a significant global presence.

So far, capital300 has joined forces with two tech companies. In September, together with Index Ventures, capital300 invested into a social, hyper-casual gaming platform Gamee. Just few weeks ago capital300 and Draper Associates invested in Authenteq, an automatic identity verification platform.