Team Europe Ventures Promises €6 million for Mobile Start-ups

In Global Trade Talk by Siobhan O'Leary

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By Siobhan O’Leary

Berlin-based investment firm Team Europe Ventures has announced a new initiative to provide funding to promising Internet and mobile Internet startups over the next three years. The €6 million fund will be split among four to five startups each year (approx. €500,000 each), which will be hand-selected by Team Europe Ventures and a team of partners. The focus will be on firms in Europe and the US. In a press release issued by Team Europe, partner Kolja Hebenstreit highlighted the primary criteria for eligibility: “If we feel that a business will succeed without us, but will be quicker, larger, nicer with us – then it’s a case for us.”

More information on the fund, in English, is here.

About the Author

Siobhan O'Leary

Siobhan O’Leary is a literary agent, translator and writer based in Berlin. She previously worked in the Foreign Rights department of the Crown Publishing Group (Random House) and at the publishing consulting firm Market Partners International.