Paua Ventures debut institutional fund goes live with a first close of $45 million

Berlin-based Paua Ventures first institutional fund went live today, with a first close of $45 million and a final close expected to come in at about $65 million.

Paua, a relatively young venture capital firm, has been backed with additional capital by institutional investors such as the European Investment Fund, a number of unnamed entrepreneurs and individuals, and major global industrial groups – such as Klöckner & Co.

Paua Ventures usually invests in Series A rounds, between $200.000 to $2 million per round, focusing primarily on European “SaaS” platforms, B2B-focused marketplaces, mobile enterprise solutions and e-commerce companies.

From its previous portfolio, four out of eleven companies (including Producteev and Amorelie) have already exited Paua, which is still holding shares in remaining five active ventures. The current venture portfolio includes companies Lesara, the Estonian CRM/Sales Software vendor Pipedrive and CRM software company Shore, in Munich.

Paua aims to invest in another 20 startups – within the next three years – engaging primarily with startups in Germany, Austria, Switzerland, on Nordic and Baltic countries, Central and Eastern Europe as well.

Up to date, the company has deployed roughly $9.000.000.

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