Project A Ventures raises €140m

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Project A Ventures has raised €140 million for its Project A Ventures Fund II. Additionally, the firm raised a further €40 million for follow-on investments in its portfolio companies.

Its previous fund raised €50 million in 2012.

Investors that committed to Project A Ventures Fund II include the European Investment Fund and the Otto Group.

The fund will target venture capital opportunities in digital health, B2B, and vertically integrated consumer brands in Europe.