German Venture Capital Firm Redstone Raising $217 Million Fund
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Redstone Digital, a Berlin-based venture capital firm, is raising a 200 million-euro fund ($217 million), led by SBI Holdings Inc, for a fund that will invest into startups focusing on the so-called fourth industrial revolution.
The Future Industry Ventures Fund will invest as much as 10 million euros per company in later growth phases, said Samuli Siren, managing partner at Redstone, in a telephone interview. The fund is still raising cash and could raise as much as 250 million euros, he added.