ChainCatcher report, according to Bloomberg, European venture capital firm Sprints has completed its fifth fund raise, totaling €725 million (approximately $810 million). Henrik Persson, co-founder and managing partner of the firm, said the fundraising took about a year, and more than half of the capital has already been deployed to invest in new companies and existing portfolio holdings. Investors include endowments, foundations, pensions, and family offices. Sprints made early investments in Revolut, is the largest shareholder in the secondhand app Vinted, and has also invested in Flightradar24 and payment company Checkout.com. Its portfolio company AI customer service firm Fin was acquired by Salesforce for $3.6 billion this year. Persson stated that the firm has not invested in any foundational AI companies, as most such firms have not yet established viable business models.
European VC Sprints Closes €725M Fifth Fund, Deploys Over Half
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Summary
European VC firm Sprints closes its fifth fund at €725 million, with over half already deployed into new and existing investments. The firm, which holds stakes in Revolut, Vinted, and Checkout.com, also saw its AI company Fin acquired by Salesforce for $3.6 billion. While new token listings remain a key focus for many investors, Sprints has not invested in foundational AI companies. Crypto news outlets including ChainCatcher and Bloomberg reported the funding, which took approximately one year to finalize. Investors include endowment funds, pension funds, and family offices.
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