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09 May 2024·1 min read

Joy Laoun

News Editor, Vestbee

German Armira Growth launches €200M inaugural fund for DACH companies

German Armira Growth has secured €200 million for its inaugural Armira Growth Fund I. It was backed by the firm's existing portfolio companies, including Osapiens, Wemolo, Workwise, and Yoummday.

  • Founded in 2021, Armira Growth is a venture capital firm that funds technology and tech-enabled startups with a focus on providing growth financing in the DACH region. 
  • Armira Growth is managed by Munich-based investment holding Armira Partners that has already invested over €3 billion in European companies.
  • Armira Growth Fund I will support companies with investments ticket size ranging between €10 million and €50 million. 
  • Additionally, the firm will provide portfolio companies with expert guidance across strategic and tactical aspects on the growth path, as well as give founders access to Germany's Mittelstand, the country’s successful small and medium-sized businesses, through a network of over 100 entrepreneurs and entrepreneurial families.

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