What VC funds were announced in 2020 from Germany, Austria and Switzerland (DACH)
As we are looking at the big picture from what happened in the DACH area (Germany, Austria and Switzerland) in 2020, we put together all the venture fund announcement from last year.
It wasn't a bad year, we tracked 29 announcements totalling more than 4 billion euros, with 3 funds (Target Global, Speedinvest and Cavalry Ventures) announcing even two separate funds for different purposes.
Hardly a surprise since the entire Europe is flooded with investment money, as any investor will tell you that there's more funds to be deployed than intersting projects to back.
The rough money breakdown by the three countries from the region is Austria 300m, Germany 2.7 billion and Switzerland roughly 1 billion.
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