SeedBlink, an equity management and financing platform for European innovation, announced its expansion in DACH (Germany, Austria and Switzerland), to complement the company’s expansion plans. This way, the co-investment platform accelerates its expansion in Europe in 2023, after opening Bulgaria, Greece and Benelux in 2022.
SeedBlink already has active partnerships within the Austrian, German and Swiss ecosystem of VCs by backing local startups, as well as a community of local investors interested in early-stage tech opportunities and portfolio diversification.
Eric Bartha, SeedBlink’s Head of Investment Management, will be spearheading the DACH market entry. His role revolves around finding ambitious founders that are looking to add a European community of investors to their VC fundraising journey, as well as connect with local partners and family offices.
“Our official DACH presence is designed to accelerate investment in the region and capitalize on the highly active innovation and entrepreneurial landscape across all tech sectors, by opening access to the VC asset class to new audiences. It also provides a unique opportunity to further collaborate with local VCs, business angels’ groups, and family offices to leverage the dynamism of the German-speaking economy, with a focus on deeptech and life sciences. By partnering up with local VCs and business angels, we are aiming to co-invest more than €1.5 million in 2023 in 8 startups and plan to double these volumes in 2024”, says Eric Bartha, Head of Investment Management at SeedBlink.
So far the Romanian co-investment platform has contributed to DACH ecosystem funding with more than €1.3 million, having among its portfolio companies like German biotech startup MK2 Biotechnologies; medtech BrainHero, which addresses children with Autism Spectrum Disease and ADHD; Swisspod, a Swiss start-up developing an ultra-high-speed ground transportation system; Fretello, an Austrian edtech for guitar learning; and Tripmakery, a traveltech startup for large group bookings.
SeedBlink recently launched a round for Nuumi, a German healthtech company looking to cure addictions. Soon they will also launch another one for SmartNanotubes, a German deeptech startup that has developed the world’s first mass-market gas detector chip.
Launched in early 2020, Seedblink has quickly established itself in Central Eastern Europe and Benelux, the DACH region being the most recent focus for the tech-driven team. The co-investment platform has developed collaborations with prominent venture capital firms like SpeedInvest, Occident Group, Xista Science Ventures and Elevator Ventures, as well as a strong partnership with Gateway Ventures, where the two platforms propose common deals.
“We are enthusiastic about SeedBlink’s expansion into the DACH region. Their competence and expertise make them great partners, and we look forward to broadening our cooperation as co-investors. Together, we will continue to support and nurture innovative deep-tech companies and create a lasting impact in the startup ecosystem”, says Bernhard Petermeier, partner Xista Science Ventures, one of SeedBlink’s VC partners in Austria.
Read the orginal article: https://www.eu-startups.com/2023/06/bucharest-based-co-investment-platform-seedblink-expands-in-dach-region-to-partner-with-local-vcs/
