Project A Closes Largest €325 Million Fund for European Startups

German venture capital firm Project A has successfully closed its fifth and largest fund, raising €325 million ($373 million) to invest in early-stage European startups. The fund will focus on sectors including defense technology, fintech, artificial intelligence, and supply chain software, with investments ranging from €1 million to €8 million per startup. Project A, which has offices in Berlin and London, plans to make 15-20 investments annually, providing both capital and deep operational support through its unique Studio platform to help founders navigate early challenges. This fundraise comes amid a slowdown in European venture capital investment, which has been impacted by geopolitical tensions and market uncertainty, prompting a strategic shift toward defense tech alongside fintech and AI. The firm's commitment reflects confidence in Europe's potential to cultivate globally significant companies, adapting to new market conditions by supporting startups aligned with national defense goals and emerging technologies. Project A has a strong track record, backing over 130 startups, and aims to continue fostering innovation through this substantial new fund.