• Email Us: [email protected]
  • Contact Us: +1 718 874 1545
  • Skip to main content
  • Skip to primary sidebar

Medical Market Report

  • Home
  • All Reports
  • About Us
  • Contact Us

Eight Roads launches its fourth fund: $450M aimed at European/Israeli scale-ups

October 5, 2021 by David Barret Leave a Comment

European VC Eight Roads is launching its fourth fund of $450 million for European and Israeli tech companies , aiming for another 15-20 across a broad range of consumer, software-as-a-service, fintech and healthtech areas. Cheque sizes wil range from around $5 million to $50 million per company, and as such, it tends to play more in growth funding rounds. 10-year old Eight Roads is backed by Fidelity, and was formerly known as Fidelity Growth Partners and before that Fidelity Ventures.

Eight Roads has previously invested in companies such as AppsFlyer, Cazoo, Fireblocks, Hibob, Made.com, Spendesk, Red Points, and Neo4j, and now manages over $8 billion of capital across Europe, Asia and the US. 

To give you an idea of how the fund has grown, the first Eight Roads fund was 1st was £100m, the second £150m, the first $375m, and the latest is $450m.

Davor Hebel, Managing Partner and Head of Eight Roads Ventures Europe said: “It’s great to be launching our latest fund at a time when there is so much entrepreneurial energy and ambition in both Europe and Israel and we’re now firmly on a path to building global technology champions out of the region. This additional capital enables us to continue helping ambitious founders scale, win and have a lasting impact on the way we live.”  

I asked the firm whether it will also have a climate focus, given the scale of the problems facing the planet. A spokeperson said the focus on climate cuts across all of its sectors but as an investment theme Eight Roads looks at three main focus areas: 

  • Clean energy – so it has an investment in a Nordic company Tibber which helps people run their homes more sustainably.
  • Sustainable products – Eight Roads has invested in Otrium (fashion marketplace aiming to get every item to be worn), Smol (environmentally friendly house products), La Fourche (organic and sustainable produce), VIU (eyewear brand), and Made.com (online furniture brand)
  • Climate change tools and enablers – e.g. carbon footprint measurement and reduction

During an interview, Hebel told me a major investment theme last year and this had been the shift to remote working, HR systems to support that, and: “Every company needs FinTech now.”

The fourth biggest category for Eight Roads is digital health, also supercharged by the pandemic. 

Enabling technologies, like AI, are also being applied: “I wouldn’t call it a sector, but the machine learning aspect. Like Glovo, which is a company that does internal talent marketplaces for large companies, where you can match people’s talents with opportunities in other parts of the organization.”

I asked Hebel if his company was returning to the office. He said: “I think we’re still feeling our way, you know. I think we said we’ll be two days a week, and then see how it goes. It’s good to see people again.”

Source Link Eight Roads launches its fourth fund: $450M aimed at European/Israeli scale-ups

David Barret
David Barret

Related posts:

  1. Italian film brings circus freaks to Venice festival
  2. Soccer – Too many meaningless matches not good for the international game, says FIFA president Infantino
  3. Former F1 driver Rosberg, Agnelli’s Exor invest in adopt-a-tree site Treedom
  4. France, Spain urge pan-European response to energy price surge

Filed Under: News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

  • 2024’s Great American Eclipse Made Some Birds Behave In Surprising Ways, But Not All Were Fooled
  • “Carter Catastrophe”: The Math Equation That Predicts The End Of Humanity
  • Why Is There No Nobel Prize For Mathematics?
  • These Are The Only Animals Known To Incubate Eggs In Their Stomachs And Give “Birth” Out Their Mouths
  • Constipated? This One Fruit Could Help, Says First-Ever Evidence-Led Diet Guidance
  • NGC 2775: This Galaxy Breaks The Rules Of “Galactic Evolution” And Baffles Astronomers
  • Meet The “Four-Eyed” Hirola, The World’s Most Endangered Antelope With Fewer Than 500 Left
  • The Bizarre 1997 Experiment That Made A Frog Levitate
  • There’s A Very Good Reason Why October 1582 On Your Phone Is Missing 10 Days
  • Skynet-1A: Military Spacecraft Launched 56 Years Ago Has Been Moved By Persons Unknown
  • There’s A Simple Solution To Helping Avoid Erectile Dysfunction (But You’re Not Going To Like It)
  • Interstellar Object 3I/ATLAS May Be 10 Billion Years Old, This Rare Spider Is Half-Female, Half-Male Split Down The Middle, And Much More This Week
  • Why Do Trains Not Have Seatbelts? It’s Probably Not What You Think
  • World’s Driest Hot Desert Just Burst Into A Rare And Fleeting Desert Bloom
  • Theoretical Dark Matter Infernos Could Melt The Earth’s Core, Turning It Liquid
  • North America’s Largest Mammal Once Numbered 60 Million – Then Humans Nearly Drove It To Extinction
  • North America’s Largest Ever Land Animal Was A 21-Meter-Long Titan
  • A Two-Headed Fossil, 50/50 Spider, And World-First Butt Drag
  • Interstellar Comet 3I/ATLAS Is Losing Buckets Of Water Every Second – And It’s Got Cyanide
  • “A Historic Shift”: Renewables Generated More Power Than Coal Globally For First Time
  • Business
  • Health
  • News
  • Science
  • Technology
  • +1 718 874 1545
  • +91 78878 22626
  • [email protected]
Office Address
Prudour Pvt. Ltd. 420 Lexington Avenue Suite 300 New York City, NY 10170.

Powered by Prudour Network

Copyrights © 2025 · Medical Market Report. All Rights Reserved.

Go to mobile version