Details

Industries

Angel Investment,Finance,Financial Services,Social,Venture Capital

Founded date

Jan 1, 2009

Number Of Employee

11 - 50

Operating Status

Active

Investor Type

Venture Capital

TEV is a spin-off from Tengelmann Ventures, which is the venture capital subsidiary of Tengelmann Group.

The TEV team was responsible for Tengelmann Ventures’ Vintages I and II, two evergreen funds financed from the Tengelmann Group balance sheet. In the past 10 years the TEV team invested more than € 400m into companies that have become market leaders, among them Zalando, Delivery Hero, Klarna, Wish, Scalable Capital, data Artisans, Lazada and brands4friends.

TEV Ventures Vintage III is the third fund managed by the TEV team and the first one open to external LPs. Just as Vintage I and II, Vintage III will be focused on investments in early-stage companies in the consumer-internet, digital services and emerging technology areas. Geographical investment focus will be Germany (70%) and Europe more generally (30%). Fundraising started in July 2019.