Project A Ventures

Project A Ventures is a Berlin-based venture capital firm that specializes in early-stage investments in technology companies across Europe. Founded in 2012, the firm has invested in over 130 companies, including notable successes like Trade Republic, Kry, sennder, WorldRemit, Spryker, and Voi. Their unique 'operational VC' model provides portfolio companies with access to a platform team of over 140 functional experts in areas such as software and product development, business intelligence, brand, design, marketing, sales, and recruiting. This approach enables startups to benefit from both capital and hands-on operational expertise, facilitating rapid growth and market leadership.

The firm's investment strategy is conviction-driven, focusing on sectors that benefit from long-term structural shifts such as European defense modernization and AI infrastructure. Project A typically invests between €1 million and €8 million per company, supporting founders from pre-seed to Series A and beyond. In June 2025, they closed their fifth and largest fund to date, totaling €325 million, dedicated to early-stage European startups with a particular focus on defense, artificial intelligence, fintech, and logistics/supply chain software. This shift signals a broader strategic emphasis on dual-use and deeptech innovation, positioning Project A as one of the few mainstream European VCs embracing national security-aligned investing.

Project A's portfolio includes companies such as Trade Republic, Kry, sennder, WorldRemit, Spryker, and Voi. In the defense and dual-use category, its recent investments include Quantum Systems, a drone manufacturer with military applications in Ukraine, and Arx Robotics, which builds battlefield robotics and autonomous vehicles. The firm also backs companies in supply chain optimization, AI tooling, and enterprise infrastructure across Europe. Project A has exited several investments through acquisitions and IPOs, including Uberall, HomeToGo, Zenloop, and Wunderlist (acquired by Microsoft). While exits in its defense segment are still early, the firm's exposure to rising demand in this space positions it well for future liquidity events.