PwC Germany invests in Venture Capital Tech Fund Speedinvest
01 February, 2024
PwC invests in European tech innovation / New fund investment underlines growth and innovation as a cornerstone of the firm’s strategy
Frankfurt am Main, 1 February 2024
The audit and consulting firm PwC Germany is investing in one of Europe’s most active seed investors for tech startups, Speedinvest. This announcement once again highlights tech-enabled innovation as a cornerstone of the firm’s long-term strategy.
Speedinvest is a leading early-stage venture capital firm with more than 1 billion Euro in assets under management and roughly 40 investment managers based in Berlin, London, Munich, Paris, and Vienna. Their sector-focused teams search for Europe's most innovative technology startups and currently have over 300 companies in their portfolio including 4 European unicorns. Speedinvest recently closed their fourth fund generation Si 4, a 350 million Euro seed fund dedicated to Europe’s most promising founders.
“The newest findings of the Global CEO Survey issued by PwC show that ‘45% of CEOs believe their company will not be viable in ten years if it stays on its current path’. The impulse to reinvent and create new business models is getting ever more important, especially due to technological changes! The ‘PwC Reinvention Index’ shows that reinvention is most successful when CEOs strive for faster transformation through ecosystems. With our investments, we are contributing to long-term growth prospects for PwC Germany and its clients.”
“Speedinvest is very excited to welcome PwC Germany as a limited partner to our newest fund. With the fourth fund generation we aim to take a major step forward in connecting the corporate and tech/ VC ecosystems in Europe by finding the most innovative technologies that fit the transformational need of our economy.”
PwC Germany has been active as a limited partner (LP) investor in venture capital funds since 2021 and highlights once again that with the latest LP investment in Speedinvest Si 4, the firm is dedicated towards tech-enabled and human-led innovation. The industry verticals such as climate- and health-tech that Speedinvest focuses on, are of high strategic value for PwC and its clients.
In addition, PwC uses its role as LP to advance gender diversity. The fact that Speedinvest’s partner Deepali Nangia is one of the first European venture capitalists dedicated to investing primarily in diverse teams is in line with PwC Germany’s core value of promoting diversity, equity and inclusion.
“By investing into startups as well as VC funds, we are supporting the European innovation ecosystem. Investing in Speedinvest gives us the opportunity to keep pace with new technologies, trends and disruptive innovations. In addition, joining the fund gives us the opportunity to further expand our network to exchange with other European investors.”
PwC Germany has invested in Speedinvest through the independent fund management firm Segenia Capital.
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