Europe’s Solo GP Robin Capital closed its first fund with 15 million euros

Robin Capital – the German-based VC fund led by Solo GP – ‘Robin Fund One’, led by ex-entrepreneur Robin Haak, has hit €13 million in its latest closing. With an additional investment vehicle aimed at growth of €2 million, the fund now has a total of €15 million to play with. That’s a decent number in the field of European Solo GPs, which typically raise far less money than their US equivalents.

Launched in 2023Robin Capital focuses on European B2B mid-market enterprise SaaS startups in the Pre-Seed and Seed stages, with a focus on the DACH region. It is applied in sectors such as HR, AI, Fintech, Climate, DevOps, Robotics and Industrial Tech.

Currently, there are 28 companies in the portfolio, and half of the fund is already invested in companies. Combo Dev (Germany) and Phacet Laboratories (France).

Robin was founded in December 2022 by Haak, the former co-founder of Jobspotting (acquired by SmartRecruiters Inc. from San Francisco in 2017), who wrote the first check to German neobank N26.

The Haak fund has 70 Limited Partners and includes doctors from Private Equity and Venture Capital firms, as well as founders and operators.

He also managed to hook up with some venture partners, including Renaud Visage, former CTO of Eventbrite and current founder of Slate.VC; Jerome Ternynck, founder of SmartRecruiters and Rypples VC; and Lea Vajnorsky, co-founder of Wo\men Inc.

Speaking to TechCrunch, Haak said it’s a pretty tough environment to raise funds.

“This year and a half was probably the most difficult period in history, according to macroeconomics. “I don’t have institutions in the fund, I don’t even have EIF.”

However, he believes the advantage is having a wide network to draw on: “The LP base I have today is 70 people and they’re all professionals… The good thing now is that it’s an amazing value-added community.”

Robin Capital joins the movement of other Solo GPs across Europe, many of whom have previously held roles as fund partners, entrepreneurs, startup operators or content creators (read: podcasters).

While solo GPs can sometimes make decisions faster than full-blown, multi-partner funds, they usually work like angels on steroids. But it can also mean faster access to their network, expertise and audience, especially for creators who have developed a personal brand.

Hypernova is a $25 million fund Soft release in 2022 Investing in Solo GPs in Europe.

TechCrunch has identified 28 “Solo” GP VCs that have launched in Europe in the past few years, although one or two (such as 20VC and Unruly Capital) are large enough to attract other partners and are slowly exiting the “Solo” stage . :

14 Peaks Capital
GP: Edoardo Ermotti

20VC
GP: Harry Stebbings

Air Street Capital
GP: Nathan Benaich

Amen Collective
GP: Manuel Grossman

My mother
GP: Annelie Ajami

Back to Future Ventures
GP: Alex Theuma

Boom
GP: Felix Plapperer

Chalfen Ventures
GP: Mike Chalfen

cocoa
GP: Carmen Alfonso Rico

Common magic:
GP: Sarah Drinkwater

Day One Enterprises
GP: Masha Bucher

Entropy
GP: Sam Cash

Firedrop
GP: Pietro Invernizzi

Preface
GP: Declan Kelly

Helloworld
GP: Rodrigo Martinez

Bending
GP: Alexander Lange

Lemonade Stand
GP: Siim Teller

Capital of Monte Carlo
GP: Ian Sosso

Nomadic capital
GP: Marc McCabe

No Label Ventures
GP: Ramzi Rafih

NP-Hard Ventures
GP: Anke Huiskes

Misty
GP: Finn Murphy

OpenseedVC
GP: Maria Rotilu

Puzzle Ventures
GP: Gloria Baeuerlein

System. One
GP: Max Claussen

Nordic Web
GP: Neil Murray

Underline the businesses
GP: Bogdan Iordache

Unruly Capital
GP: Stefano Bernardi