Munich-based Alstin Capital has raised €175 million for its oversubscribed third fund, which will focus on supporting transformative B2B software startups in their Series A funding rounds. The fund's limited partners include foundations, insurance companies, banks, and family offices.
- Founded in 2018 by Carsten Maschmeyer, Alstin Capital is an early-stage venture capital firm focusing on B2B software. The firm supports B2B software companies across Europe in seed and Series A rounds.
- Alstin Capital has invested in 21 startups across various sectors, including fintech, insurtech, regtech, cybersecurity, and climate tech. The firm has also achieved six successful exits, including companies such as Fliit, StudyDrive, and Stocard.
- With the new fund, Alstin Capital plans to focus on leading Series A investments in European B2B software companies, with initial investments between €2 million and €7 million.
- The firm has made three investments from the ALSTIN III fund:
- Flowit, a Zurich-based coaching platform offering real-time feedback and development tools for front-line and non-desk employees, has raised €4.2 million in a seed funding round.
- NORBr, an Amsterdam-based fintech startup providing a white-label Payment Infrastructure as a Service (PaaS) platform to streamline and scale payment operations, securing €3 million in funding.
- Etalytics, a German cleantech startup developing AI-driven IoT and data analytics software to optimize energy systems. Recently, the firm has raised $8 million in a Series A round to help industries reduce energy consumption, costs, and CO2 emissions.
- The ALSTIN III fund has received support from a diverse investor base, including foundations, insurance companies, banks, family offices, and high-net-worth individuals. Notably, over 90% of the investors from Alstin II have returned for Alstin III.
