468 Capital

468 Capital is a prominent venture capital firm headquartered in Berlin, Germany, known for its focus on early-stage investments across Europe and the United States. Founded by former Global Founders Capital partners Florian Leibert, Alexander Kudlich, and Ludwig Ensthaler, the firm leverages its founders' extensive operational experience, particularly from their time at Rocket Internet, to support portfolio companies. This operational background allows 468 Capital to adopt a hands-on approach, providing strategic guidance and leveraging their vast network to help startups scale.

The firm primarily targets Seed, Series A, and select Series B rounds, demonstrating a flexible yet focused investment strategy. While sector-agnostic to some extent, 468 Capital shows a strong inclination towards disruptive technologies and business models in areas such as software, fintech, consumer internet, and deep tech. They seek out companies with strong product-market fit and ambitious teams capable of achieving global reach.

468 Capital has rapidly grown its assets under management, reflecting strong investor confidence. Their first fund, launched in 2020, closed at €170 million. This was followed by a €300 million second fund in 2021, and most recently, a €450 million third fund in 2023, bringing their total AUM to approximately €1 billion. Typical initial check sizes for 468 Capital range from approximately $1 million to $10 million, though they have the capacity for larger follow-on investments in successful portfolio companies. Their rapid fundraising and significant capital deployment underscore their position as a key player in the global early-stage venture ecosystem.