Project A
4 known investors
Pan-European early-stage venture capital firm investing at pre-seed and seed stage, founded in 2012.
Also known as Project A Ventures
Founders & leadership
Investors Β· 4
Company profile
researched Aug 2026Project A is an early-stage venture capital firm that invests in European technology companies at the pre-seed and seed stages. Active since 2012, the firm states it has partnered with more than 130 founding teams, and it describes itself as pan-European in scope, operating from locations including Berlin and London. As of June 2025 it reported total assets under management of β¬1.2 billion following the close of its fifth fund.
Alongside its funds, Project A runs the Project A Studio, a pre-investment platform where founders can validate ideas before formal funding, supported by the firm's investment team and network. Portfolio companies including 11x, ARX Robotics, ENAPI and Montamo used the Studio during idea validation before raising pre-seed rounds from Project A. The firm invests as a generalist platform while maintaining thematic focus areas; its published venture themes include defence technologies, industrial autonomy, regulated industries, frontier technologies and physical world intelligence, and press coverage in 2025 cited partner domain areas of European Resilience, Fintech, Future of Autonomous Work and Global Supply Chains.
Named portfolio companies include Trade Republic, sennder, Quantum Systems, Zepz, Navan, Catawiki, Spryker, Kry, Knowunity, Uberall, Casavo, Pactum, Black Semiconductor, Modernizing Medicine, Unmind, Dixa, Re:cap, Metycle, Root Global, Heyflow, Liqid, STARK, Relay, Labrys, Ello, Enapi and ARX Robotics.
Business model
Project A operates as a venture capital fund manager, raising capital from limited partners β described as long-standing institutional investors, family offices and strategic partners across Europe and the US β and deploying it as equity investments in early-stage technology companies. Beyond capital, the firm offers operational support to portfolio companies, including help with first hires and with raising subsequent Series A rounds from global investors such as Accel, Benchmark and Sequoia.
Traction
Project A reports a portfolio of 130+ companies since 2012, with unicorns across all funds including Trade Republic, sennder, ZEPZ and Quantum Systems. Assets under management reached β¬1.2 billion after the June 2025 close of the β¬325 million Fund V, which was oversubscribed and raised in four months.
Latest developments
In June 2025 the firm closed its oversubscribed β¬325 million Fund V and promoted Jack Wang to Partner in its London office, joining existing Partner Malin Posern. Company-published news items report Florian Heinemann's debut on the Forbes Midas List Europe 2025 (December 2025), Trade Republic reaching a β¬12.5bn valuation (December 2025), a $40m Series B for Andercore co-backed with Atomico (February 2026), and a $1.2bn Series D for Quantum Systems (July 2026).
βΈFull profile β market position, go-to-market, geography, history
Market position
Project A positions itself as an early-stage, pan-European investor with operational expertise, stating it has backed 130+ founding teams since 2012 and produced unicorns across all of its funds, including Trade Republic, sennder, ZEPZ and Quantum Systems. Total assets under management were reported at β¬1.2 billion in June 2025.
The firm combines a generalist investment platform with thematic domain expertise and an operational support model, and runs the Project A Studio, a pre-investment platform offering idea validation, team development and early market-fit support with no equity commitment before formal funding.
Go-to-market
Founders and founding teams of European technology startups at the idea, pre-seed and seed stages, across sectors including defence, industrial autonomy, regulated industries, fintech, supply chains and frontier technologies.
Geography
Pan-European coverage described as "from London to Berlin and beyond," with a UK team based in a London office; limited partners are drawn from Europe and the US.
History
Project A has invested since 2012 and has raised five funds, the most recent being the β¬325 million Fund V closed in June 2025.
Compiled by commissioned research from 8 cited public sources β announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed β not independently audited.
Timeline Β· 3
launches, deals, and filingsThe firm announced the close of its oversubscribed β¬325 million Fund V, raised in four months and backed by new and existing LPs across Europe and the US, bringing total assets under management to β¬1.2 billion.
Project A strengthened its UK team by promoting Jack Wang to Partner, joining existing Partner Malin Posern in London.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
βΈResearch sources Β· 8
primary sources listed
- Project Aproject-a.com Β· web
8 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Project A do?
- Pan-European early-stage venture capital firm investing at pre-seed and seed stage, founded in 2012.
- Who founded Project A?
- Project A was founded by Florian Heinemann.
- Who are Project A's investors?
- Project A's investors include BLN Capital, Harmony Partners, KfW Capital, Peak.