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"Berlin-based Point Nine Capital has today announced that it has closed its second fund, amounting to \u20AC40 million ($54 million).\r\n\r\nThe VC firm, a spin-off from the Team Europe incubator, has invested in the likes of\u00A0Brainly,\u00A0ePetWorld,\u00A0Kreditech,\u00A0Positionly,\u00A0Shiftplanning\u00A0and\u00A0Vend, while fund managers\u00A0Pawel Chudzinski and Christoph\u00A0Janz previously\u00A0made their names putting money into\u00A0the likes of\u00A0Delivery\u00A0Hero, Madvertise, and Zendesk.\r\n\r\nThe new Point Nine Capital II fund has been raised from\u00A0institutional investors including Horsley Bridge Partners, RTA Ventures and SAP Ventures, plus the likes of Arend Lars Iven and Ron Hillman from Berlin Venture Partners; eKomi founders Michael Ambros and Gunther Schmidt, the teams behind Cube Investments from Spain and Xevin Investments from Poland, partners from Team Europe plus Point\u00A0Nine Capital's management.\r\n\r\nPoint Nine's ethos is to take an angel investment approach to venture capital, combining a &amp;quot;founder-friendly, no-nonsense&amp;quot; approach with the more robust funding that a VC can offer. Point Nine will continue to be managed by Chudzinski and Janz. However, coinciding with the announcement of the new fund,\u00A0Lukasz Gadowski and Kolja Hebenstreit of Team Europe are both leaving the investment committee, although they will continue to act as advisers.\r\n\r\nThe news of Point Nine's new round follows the announcement earlier in the week of a new $100 million fund from Israel's Magma Venture Partners.\r\n\r\nImage credit: John Foxx / Thinkstock"^^<http://www.w3.org/2001/XMLSchema#string>
<http://thenextweb.com/insider/2013/02/13/germanys-point-nine-capital-raises-a-new-54m-early-stage-fund/>