Cusp Capital will back early-stage young tech companies across Europe,
Christian Winter, a GCV Powerlist 2016 award winner and head of Tengelmann Ventures, the Europe-focused corporate venturing unit of the eponymous Germany-based retailer, has set up Cusp Capital as an independent venture capital firm.
Alongside former Tengelmann colleagues Jan Sessenhausen, Helmut Klawitter and Wilken Engelbracht, Winter and Cusp Capital have raised €300m ($361m), according to news provider TechCrunch.
Its limited partners reportedly include institutional investors, such as the European Investment Fund, KfW Capital, RAG Stiftung, and NRW.BANK, alongside family offices and entrepreneurs.
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