The journey from 0 to 1 billion: Meet Project A Fund IV | PAP#135

Project A raises fourth fund and reaches one billion

Project A has raised a fourth fund of 375m US dollars, pushing the Berlin firm to one billion US dollars under management and keeping it in early-stage European technology. The episode marks that milestone with host Rainer, co-founder Uwe and two new principals, Mey and Leo, talking about where the firm invests and what comes next.

Takeaways

• Fourth fund brings Project A to one billion. Project A has raised a 375m US dollar fourth fund, taking the Berlin-based venture firm to one billion US dollars in assets under management. The fund keeps the firm investing in early-stage European technology companies.
• Fund four stays in early-stage European tech. The fourth fund continues the firm's stated focus on early-stage European technology companies, the stage and region where the Berlin-based investor has built its portfolio.
• Two new principals join the investment team. Mey and Leo are introduced as new principals on Project A's investment team in this episode. They join co-founder Uwe and host Rainer for the conversation about the fund and what comes next for the firm.
• Team discusses investment focus and industry outlook. The conversation also covers what Project A likes to invest in and how its operational model works, plus the team's view of what comes next for European early-stage technology.