New $135M Fund for Early-Stage Investments in European Digital Tech Startups

The investments of btov's new fund will concentrate on topics such as AI, Digital Health, FinTech, Logistics, B2B SaaS and Marketplaces, all across Europe and focusing on seed and series A stages. The new fund has already been actively investing for about a year. Its first investments in Swiss start-ups include confidential data collaboration platform Decentriq; and trustworthy AI platform LatticeFlow.

The fund works very closely with btov’s Private Investor Network of experienced entrepreneurs. Over 70 of the network members invested personally in the new fund and will work closely with the fund team to identify investment opportunities and support portfolio companies. The list includes well known super angels such as Logitech founder Daniel Borel, Scout 24 founder Joachim Schoss, global unicorn hunter Daniel Gutenberg.

The partner team consists of the previous fund’s line-up of Florian Schweizer, Jochen Gutbrod and Luca Martinelli plus new partner Andreas Goeldi, an experienced serial entrepreneur who co-founded several companies in both Europe and the United States. Goeldi had his first successful exit in 2000 and most recently was the CTO of Boston-based AI-oriented video marketing company Pixability. He holds four U.S. patents in big data analytics and AI-based optimization and has been an active angel investor for over two decades. Goeldi will focus his investments on companies in the AI, B2B SaaS and DevOps spaces.

btov Partners founder Florian Schweitzer said: “We are very grateful to have raised this fund with such strong support from our Private Investor Network, as well as from previous institutional LPs, particularly the European Investment Fund. The close collaboration with our investors and our expanded partnership will continue enabling us to identify and win non-obvious investment opportunities better than ever. btov was originally called BrainsToVentures and remains true to this spirit today: Nicole Herzog, for example, was initially a btov co-founder, then built up the software spin-off Umantis and is now active as a btov venture partner. Andreas Goeldi was a great entrepreneurial role model for me during my studies. He invested in btov startups very early on and is now a general partner.”

(Press release / SK)