Robin Capital — the Germany-based, Solo GP-led VC fund by former entrepreneur Robin Haak — has hit its closing shut of ‘Robin Fund One’ at €13 million. Combined with its further growth-focused funding automobile of €2m, the fund now has a complete of €15 million to play with. In the realm of European Solo GPs, who usually increase quite a bit lower than their US equivalents, this can be a first rate determine.
Launched in 2023, Robin Capital is aimed toward European B2B mid-market enterprise Software as a Service startups, specializing in the DACH area, on the Pre-Seed and Seed levels. It’s deployed throughout sectors akin to HR, AI, Fintech, Climate, DevOps, Robotics, and Industrial Tech.
Some 28 corporations at the moment are within the portfolio, and half of the fund has already been deployed into corporations akin to Kombo Dev (Germany) and Phacet Labs (France).
Robin was based in December 2022 by Haak, a former co-founder of Jobspotting (acquired by SmartRecruiters Inc. out of San Francisco in 2017), who put the primary verify into German neo-bank N26.
Haak’s fund has 70 Limited Partners, and consists of GPs from Private Equity and Venture Capital companies, in addition to founders and operators.
He has additionally managed to rope in some enterprise companions together with Renaud Visage, former CTO of Eventbrite and present founding father of Slate.VC; Jerome Ternynck, founding father of SmartRecruiters and the Rypples VC; and Lea Vajnorsky, co-founder of Women Inc.
Speaking to TechCrunch, Haak mentioned it had been fairly a troublesome setting to lift the fund in.
“These one and a half years have been most likely the hardest instances in enterprise, in historical past, as a result of macroeconomics. I don’t have establishments within the fund, I don’t even have the EIF.”
However, he thinks the benefit has been having a large community to attract on: “The LP base I’ve right this moment are 70 folks, and all of them are professionals… The good half now’s it’s a tremendous value-add group.”
Robin Capital joins the motion of different Solo GPs in Europe, a lot of whom have beforehand held roles as fund accomplice, entrepreneur, startup operator, or content material creator (learn: podcaster).
While Solo GPs can generally make quicker selections in comparison with full-blown, multi-partner funds, they usually function extra like Angels on steroids. But it could additionally imply quicker entry to their community, experience, and viewers, particularly within the case of creators who’ve developed a private model.
Hypernova, a $25 million fund of fund soft-launched in 2022 to put money into Solo GPs in Europe.
TechCrunch has recognized 28 ‘Solo’ GP VCs launched in Europe during the last couple of years, though one or two (like 20VC and Unruly Capital) at the moment are giant sufficient to have introduced in different companions, and are slowly exiting the ‘Solo’ part:
14Peaks Capital
GP: Edoardo Ermotti
20VC
GP: Harry Stebbings
Air Street Capital
GP: Nathan Benaich
Amino Collective
GP: Manuel Grossman
Anamcara
GP: Annelie Ajami
Backfuture Ventures
GP: Alex Theuma
Booom
GP: Felix Plapperer
Chalfen Ventures
GP: Mike Chalfen
Cocoa
GP: Carmen Alfonso Rico
Common Magic:
GP: Sarah Drinkwater
Day One Ventures
GP: Masha Bucher
Entropy
GP: Sam Cash
Firedrop
GP: Pietro Invernizzi
Foreword
GP: Declan Kelly
Helloworld
GP: Rodrigo Martinez
Inflection
GP: Alexander Lange
Lemonade Stand
GP: Siim Teller
Monte Carlo Capital
GP: Ian Sosso
Nomad Capital
GP: Marc McCabe
No Label Ventures
GP: Ramzi Rafih
NP-Hard Ventures
GP:Anke Huiskes
Nebular
GP: Finn Murphy
OpenseedVC
GP: Maria Rotilu
Puzzle Ventures
GP: Gloria Baeuerlein
System.One
GP: Max Claussen
The Nordic Web
GP: Neil Murray
Underline Ventures
GP: Bogdan Iordache
Unruly Capital
GP: Stefano Bernardi
