Berlin-based Project A, an early-stage investment firm, has announced its third fund of 180 million euros ($197 million).
Project A will use the new fund to continue backing transformational European startups at the seed and Series A stage, with initial rounds funded up to $7 million.
The firm will further invest in areas including financial technology, digital health, property technology, the fourth industrial revolution, enterprise software, mobility and logistics.
The latest deal has boosted Project A's assets under management to $481.4 million. More so, the firm is setting up presences in London and Stockholm, in order to expand its reach in two more ecosystems.