CommerzVentures Secures €300M Third Fund from Commerzbank

CommerzVentures, the specialist fintech investor, announce their third €300m fund. The fund will go towards supporting early and growth-stage companies in the fintech and insurtech sectors, as well as the emerging Climate FinTech space, building on their position as Europe's foremost VC in this space. The latest fund, which saw Commerzbank return as the sole LP, brings their combined total fund size to €550m.

CommerzVentures' third fund follows on from their first €100m fund, launched in 2014, and their second €150m fund in 2019, as well as successful investments in 28 companies to date. Continuing their strategy of targeting exceptional founder teams with the ambition to solve billion dollar problems, CommerzVentures continue to invest with a global outlook, focusing on Europe, Israel and the USA. 

The launch of Fund III will see CommerzVentures grow their headcount by 50%, enabling them to strengthen their position in fintech globally, and establish a foothold in new geographies, notably Africa. This follows CommerzVentures' recent participation in MFS Africa's $100m Series C and desire to support founders in the region's vibrant fintech market.

Closely managing all three funds, CommerzVentures' team will continue to demonstrate their position at the forefront of fintech, aligning interests with portfolio companies by continuing their policy of personal co-investments into the funds.