https://techcrunch.com/2021/01/21/porsche-and-axel-springer-increase-investment-into-their-apx-accelerator-to-e55m/

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Berlin-based early-stage fund APX today announced that its two investors, European publisher Axel Springer and sports car maker Porsche , have increased their investment in the fund to a total of €55 million. With this, APX, which launched in 2018 , is now able to deploy up to €500,000 in pre-Series A seed funding per company. That’s up from up to €100,000 when the fund launched. So far, the group has invested in more than 70 companies and plans to increase this number to close to 200 by 2022. When APX launched, the fund didn’t disclose the total investment from Porsche and Axel Springer. Today, the team said that the new investment “more than doubles APX’s total amount for investin... Full story

21 January

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