German-focused VC firm Capnamic Ventures has reached the final close of a fund backed by Cisco, Axa, Rheinische Post Media Group and Sparkassen Group.
Germany-based venture capital firm Capnamic Ventures achieved a €115m ($130m) final close for its latest fund today, securing contributions from several corporate limited partners.
The LPs include networking equipment producer Cisco, insurance provider Axa Germany, media companies including Rheinische Post Media Group, and financial services group Sparkassen.
The fund also secured capital from wealth manager Formuesforvaltning, the multilateral European Investment Fund and development banks KfW and NRW.Bank.
Capnamic Ventures invests in business-to-business, digital infrastructure and digital transformation technology startups operating…
