explains Matthias Sohler,
Munich, 29 September 2023. yabeo, the early-stage investor from Munich, has added a dedicated "Emerging Tech Fund” to its investment platform group, which focuses on future topics related to artificial intelligence, blockchain, cybersecurity and cloud computing across all industries. The new "Emerging Tech Fund" focuses on initial pre- seed and seed financing of up to EUR 500,000 per start-up. It is designed as a closed- end fund (CEF). In addition to direct equity investments, investors can also invest in tradable tokens that can be deposited. The target size of the fund is EUR 50 million. With Heinrich Zetlmayer, an experienced investor with a proven track record joins the yabeo team as General Partner. Heinrich Zetlmayer's team holds a portfolio manager licence in Switzerland and operates the Emerging Tech Fund in Zurich and Singapore. The existing investments made by Heinrich Zetlmayer and his team under the name Blockchain Valley Ventures will be brought into the new fund.
explains Matthias Sohler,
founder and General Partner of yabeo.
There is an innovation in the fund structure: Emerging Tech is set up as a Closed End Fund (CEF) for the first time at yabeo. The previous funds (yabeo Venture Tech and yabeo Impact) are structured as “evergreen” funds. Emerging Tech already brings in more than ten portfolio companies with an AuM (assets under management) of around 50 million US dollars.
Explains Dr. Gerrit Seidel,
General Partner and Managing Director of yabeo.
With Heinrich Zetlmayer, an AI and blockchain specialist joins the yabeo team
Heinrich Zetlmayer is a proven expert in the field of blockchain and new business models. As Co-CEO and member of the supervisory board of ESL, he built up and sold the world's largest independent league for e-sports. Following this, the former Vice President of IBM was General Partner at Blockchain Valley Ventures, a venture capitalist specialising in AI and blockchain, which will be integrated by yabeo as part of the transaction.
says Heinrich Zetlmayer about his team's task.
General Partner Emerging Tech Fund
With its sector expertise in FinTech/HealthTech, impact and new technologies, yabeo focuses on investments of 0.5 to five million Euros. Portfolio companies include Solaris (FinTech), Cera Care (HealthTech/Care) and Clark (InsureTech). Across all platforms (including yabeo Venture Tech, yabeo Impact and yabeo Emerging Tech), yabeo thus will approach EUR 300 million AuM in the future and is invested in almost 30 portfolio companies.