The closure of Robin Fund One, which was oversubscribed, comes amid a resurgence in tech investments in Europe, following a downturn in 2022. Atomico's State of European Tech report had predicted a decrease in funds raised by European tech startups for 2023, but the trend has since improved. In June, Spanish venture capital firm Kfund also raised $75 million to support European founders working with foundational technologies.
Key takeaways:
- Robin Capital, a Germany-based venture capital fund, closed its Robin Fund One at 13 million euros, focusing on B2B SaaS investments in the DACH region.
- The firm also has a growth-focused investment vehicle of 2 million euros, bringing its total capital to 15 million euros.
- Robin Fund One will target angel, pre-seed to seed stages, and occasional Series A investments, with a portfolio including sectors like AI, FinTech, and robotics.
- Despite a previous drop in tech investments in Europe, early-stage investments have picked up, with firms like Atomico and Kfund raising significant capital.