Berlin and Munich-based VC firm HV Capital has just launched a continuation fund of €430m, which it says is the first in Germany.
HarbourVest is the anchor investor in the new continuation fund, called HV COCO Growth. Existing LPs Pathway Capital and the Holtzbrinck Publishing Group are reinvesting, while LGT Capital Partners and a number of family offices and financial institutions will also invest in the fund.
HV Capital has 15 unicorns in its portfolio. 2021 was a particularly successful year, says the fund, with some of the largest exits to date. For example, portfolio company Depop was acquired by online marketplace Etsy for a whopping $1.6bn last year.
Read more: Sifted
