Targeting Early-Stage Startups In Europe And Beyond, Point Nine Capital Closes New ?40M Fund

Point Nine Capital, the Berlin-based VC that originally spun out of the investment arm of German incubator Team Europe, has announced that it has closed Point Nine Capital II, a ?40 million (~$53.7m) fund focused on early-stage Internet investments of approximately ?1m upwards in Europe and beyond. Meanwhile, Team Europe's Lukasz Gadowski and Kolja Hebenstreit are stepping down from their role as Venture Partners in Point Nine, although they will act as advisors, with Pawel Chudzinski and Christoph Janz continuing to manage the fund.

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