Venture Capital: Germany’s HV Capital Closes Ninth Fund At Record €710M ($782M)

The ninth HV Capital fund will invest in high-growth tech disruptors.

HV Capital, a German VC fund, has successfully raised €710 million for its newest investment fund, HV Capital Fund IX, which will allow them to continue investing in high-growth companies across various sectors. The new fund will be divided into two vehicles, Fund IX Venture and Fund IX Growth, with investment sizes ranging from €500,000 to €60 million.

HV Capital announced the closure of the fund at the HV Capital 2023 Summit on May 4, a record for amount raised by the firm. (LinkedIn)

Fund IX reflects HV Capital’s commitment to advancing #ESG in the VC ecosystem, with commitments made under Article 8 of the EU’s Sustainable Finance Disclosure Regulation (SFDR), the firm said in a statement.

HV Capital aims to promote ESG practices in the VC ecosystem, targeting 33% female representation in C-Suite level positions and allocating 30% of funds to companies aligned with the Climate Action & Environmental Sustainability criteria of the European Investment Fund.

Related Story:  Venture Capitalist Firms Form UN-Backed “Venture Capital Alliance (VCA)”

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