Cavalry Ventures, the Berlin-based early-stage venture fund which was the lead investor into BRYTER, has closed its second fund of €80 million, more than 3.5x the size of its maiden fund.
Geared somewhat like a large Angel syndicate, Cavalry’s LPs tend to be active founders and other LPs in early-stage funds in the DACH region, and the fund is best known for its focus on key SaaS and B2B infrastructure startups such as those in HR, sales, PR, fundraising, legal and internationalization.
In a statement, Stefan Walter, managing partner at Cavalry, said: “Our mantra has always been ‘what’s best for the startup?’. If that is staying on the sidelines and letting you as a founder do your job, that’s what we’re going to do. But if you request our support, you can count on us to be there – any time of the day.”
Typically, Cavalry invests alongside angels, both external and from within its network.
Among these angels are Martin Henk (Pipedrive), Nico Rosberg (former F1 World Champion), Viktoriya Tigipko (TA Ventures), Myke Naef (Doodle), Emmanuel Thomassin (Delivery Hero), Gero Decker (Signavio), Joshua Cornelius & Mehmet Yilmaz (Freeletics), Tobias Balling (Blinkist) and Felix Jahn (Rocket Internet, McMakler).
The Cavalry II fund is the partnership’s first vintage with institutional funds, including the European Investment Fund.
Cavalry was launched by Rouven Dresselhaus, Claude Ritter and Stefan Walter in 2016 and has since invested in McMakler, Rekki and PlanRadar among others.