Team Europe Ventures, the Berlin-based VC firm, has launched a new €6 million fund for early stage startups in the Internet and mobile Internet space. The fund is mainly targeting companies in Germany and Europe, but also in the USA, and the focus will be on the seed stage, with 4-5 startups being invested in per-year for a maximum of €500K per company.
This is bound to be good news for startups in Europe, and particularly in Germany where seed funding is seen to be a problem for early stage companies in the Internet space.