Venture Capital · Profile from Venture Capital Research Companion
Point Nine Capital
The Berlin seed fund built by two former founders-turned-angels that made "B2B SaaS and marketplaces, seed only, anywhere in the world" a specialist European franchise — early in Zendesk, Delivery Hero, Revolut, Algolia, Contentful, Typeform, Loom and Chainalysis, and best known among founders for Christoph Janz's SaaS benchmarks and frameworks.
At a glance
- Founded
- 2011, Berlin (founders angel-investing together from ~2008 under the Point Nine name; first institutional fund 2011)
- Founders
- Christoph Janz and Pawel Chudzinski — co-founders of German internet companies (DealPilot, sold to Shopping.com; Janz also co-founded Pageflakes) before becoming angels (verify Chudzinski's exact founding roles)
- Headquarters
- Berlin; largely distributed team with partners in Europe (e.g. Paris, Barcelona/Madrid) and investments in North America
- Ownership / structure
- Independent, partner-owned; German GmbH & Co. KG fund vehicles managed by Point Nine Management GmbH entities; "equal partnership" model with carry shared equally among partners (announced 2020)
- Leadership (2026)
- Partners Christoph Janz, Pawel Chudzinski, Louis Coppey and Ricardo Sequerra Amram (equal partners since 2020), with further partners/principals added since (verify current roster)
- AUM / capital raised
- Not formally disclosed; cumulative commitments across seven core funds plus two Annex (opportunity) funds plausibly ~€800m–1bn (estimate, verify)
- Stage focus
- Seed (often first institutional round), sometimes pre-seed; initial cheques ~€0.5m–€3m (reported up to ~€5m in later funds); target ownership ~15% (partner interview, 2021); commits to participate in portfolio Series A rounds
- Signature investments
- Zendesk (founders' angel era), Delivery Hero, Revolut, Algolia, Contentful, Typeform, Brainly, Docplanner, Mambu, Chainalysis, Loom, Clio, Front, Factorial, Tier, Westwing; instructive outcomes: Loom (sold to Atlassian in 2023 for ~$975m, below its $1.53bn 2021 valuation), Tier (merged with Dott in 2024 after a steep markdown)
10 deals and moves analysed
Each one gets a full strategy file in the companion: context, the decision, the financing, what happened, and the lesson.
2009
Zendesk
Angel / Seed
2011
Delivery Hero
Early-Stage
2012
Brainly
Seed
2013
Contentful
Seed
2013
Mambu
Seed
2013
Typeform
Seed
2014
Algolia
Seed
2015
Revolut
Seed
2016
Chainalysis
Seed
2016
Loom
Seed