German Alstin Capital has successfully closed its latest fund, Alstin III, raising €175 million—surpassing its initial target of €100 million and hard cap of €125 million; a cap that was reached in four months.
The fund focuses on investing in European B2B software companies at the Seed and Series A stage and across the DACH region, with initial investments ranging from €2 million to €7 million. Backed by a network of foundations, insurance companies, banks, family offices, and high-net-worth individuals, Alstin III aims to continue its commitment to scaling high-growth startups.
Carsten Maschmeyer, Managing Partner of Alstin Capital, shared the firm’s strategic approach: “We are particularly proud that more than 90% of all investors from Alstin II have now joined Alstin III. We received so many commitments that we could have raised the hard cap to €250 million, but we chose not to. We aim to further internationalise our portfolio, and our first three investments already span three different countries.”
Before the fund’s final closing, Alstin III had already made notable investments in three diverse European startups:
- Flowit, based in Zurich (Switzerland), is a leading solution for employee
development, motivation, and retention, targeting “frontline” workers such as
caregivers, service staff, and production employees – precisely those roles
facing the most severe labor sho rtages. - NORBr, based in Amsterdam (Netherlands), offers software solutions that enable rapid establishment of payment infrastructures while significantly reducing administrative overhead.
- Etalytics, based in Darmstadt (Germany), develops and distributes AI – driven energy management solutions that significantly reduce energy consumption in data centres, achieving an average reduction of 37%.
Founded with family capital, Alstin I paved the way for Alstin II, which raised €108 million in 2017 and is now fully invested as of late 2023. The €175 million raise for Alstin III—initiated in February 2024—will drive Alstin Capital to further diversify its portfolio internationally while continuing to back startups that redefine industries.
Alstin Capital’s portfolio includes startups such as Blacklane, Orderbird (exit), pflege.de (exit), alyne (exit), Deskbird, retraced, pliant, usercentrics, Klarna, and Nect.
Read the orginal article: https://www.eu-startups.com/2024/12/munich-based-alstin-capital-raises-e175-million-for-alstin-iii-fund-to-fuel-european-b2b-software-growth/
