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German enterprise capital agency Point Nine, which backs firms together with Delivery Hero, Revolut and Typeform, has raised €180 million in a brand new seed fund to help business-to-business (B2B) marketplaces and software-as-a-service (SaaS) startups, a report from Sifted mentioned Monday (Sept. 26).

Point Nine’s technique is to speculate €500,000 to €5 million in seed-stage startups, normally in Europe, although 20% to 30% of its investments are within the U.S., Canada and Turkey.

Point Nine founding companion Christoph Janz has mentioned that the objective of the agency is to put money into firms that have been “less in the spotlight.”

In an interview with Sifted, Janz mentioned Point Nine doesn’t have plans to speculate in another way or extra cautiously given the way in which the market has been going.

He mentioned Point Nine can be investing in SaaS, B2B marketplaces, developer instruments, APIs, crypto infrastructure, local weather software program and extra.

The B2B market has seen a downturn, with the Sifted report noting Klarna and its 85% drop in valuation.

“So far, mostly B2B SaaS companies that sell to other startups or tech companies are affected. However, I think it’s very likely that we haven’t seen all of the effects yet,” mentioned Janz, including that 2022 and presumably 2023 would doubtless be slower for B2B firms.

Venture companions have been trying to get tech startups to accommodate the financial system’s present state by innovating – with those which have pursued extra improvements seeing extra demand.

Read extra: Report: VC Investors Urge Tech Firms to Continue ‘Innovation’

Shane Wall, enterprise companion and president of the CXO Network at Fusion Fund, has mentioned there’s so much hinging on what an organization does throughout a downturn. His place is that tech chiefs could make development a precedence to remain forward of how the financial system evolves.

He mentioned the financial system would doubtless get higher within the subsequent 12 months, and there can be “winners and losers” but in addition huge alternatives for progress.

For all PYMNTS B2B protection, subscribe to the every day B2B Newsletter.

New PYMNTS Study: How Consumers Use Digital Banks

A PYMNTS survey of two,124 US shoppers reveals that whereas two-thirds of shoppers have used FinTechs for some facet of banking companies, simply 9.3% name them their major financial institution.

We’re at all times looking out for alternatives to companion with innovators and disruptors.

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https://www.pymnts.com/news/b2b-payments/2022/supply-chain-platform-actyv-ai-adds-bnpl-insurance-options/partial/

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