European VC Project A Launches €325 Million Early Stage Fund.
- Karan Bhatia
- Jun 24, 2025
- 1 min read
Led by Partners Ben Fischer, Christoph Rosler, Philipp Werner, Thies Sander, Uwe Horstmann, Jack Wang, Malin Posern, Florian Heinemann, Anton Waitz, and CFO Anton Grabovski, Project A has launched a €325 Million Fund V, Early Stage Fund, increasing its total assets under management to €1.2 billion. Since 2012, Project A has built a top-tier track record in early-stage investing, backing multiple European unicorns including Trade Republic, sennder, Zepz, and Quantum Systems. Its operator-led approach has made it one of Europe’s most successful early-stage investors.
Project A backs early-stage founders with hands-on support beyond the capital. With deep sector expertise and a focus on pre-seed and seed, the firm helps startups hit key milestones and secure top-tier follow-on funding. Its Studio also supports idea-stage founders with validation, team building, and early traction.
Project A’s Fund V was significantly oversubscribed and closed in just four months. Backers included a diverse mix of new and returning LPs—from institutional investors and major family offices to strategic partners across Europe and the US—reflecting strong confidence in the firm’s track record and thesis.
