Targeting Early-Stage Startups In Europe And Beyond, Point Nine Capital Closes New €40M Fund

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http://techcrunch.com – Point Nine Capital, the Berlin-based VC that originally spun out of the investment arm of German incubator Team Europe, has announced that it has closed Point Nine Capital II, a €40 million (~$53.7m) fund focused on early-stage Internet investments of approximately €1m upwards in Europe and beyond. It’s being billed as “new”, succeeding Point Nine’s original and significantly smaller fund, although it’s already made a number of investments, including Brainly, ePetWorld, Kreditech, Positionly, and Vend. Our understanding is that this leaves over three quarters (IT news)