415 Capital announces €150 Million second fund to enhance breakthrough medical innovation

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415 Capital Management GmbH ("415 Capital"), a leading venture capital firm headquartered in Munich, Germany,  specializes in medical technology investments across Europe, the U.S., and Israel. The firm announced the launch of its second fund, 415 Capital Fund II, with a target of €150 million ($165 million). This fund will focus on advancing breakthrough, life-saving medical technologies, particularly those addressing cardiovascular and neurovascular diseases—the leading causes of death and disability worldwide, as well as the top drivers of healthcare costs.

A significant majority of the fund's target commitments have already been secured from prominent limited partners, including the European Investment Fund (EIF), KfW Capital, Wachstumsfonds Deutschland (established on Universal Investment's platform and including over 20 institutional investors, among them insurance companies, foundations and asset managers) and several reputable family offices from Europe and North America. Notably, leading physician-innovators have also joined as investors. The final close of 415 Capital Fund II is anticipated by the end of the first quarter of 2025.

The fund has already made investments in two clinical-stage cardiovascular companies, with additional transactions expected to be announced soon.

In conjunction with the successful fundraising, 415 Capital also announced new appointments to the investment committee, to strengthen investment leadership.

"We are incredibly grateful for the trust our limited partners continue to place in us. Their support highlights the significant clinical impact and value of our portfolio," said Frederik Groenewegen, Co-Founder and General Partner at 415 Capital. "Since launching our first institutional fund in 2020, we've partnered with visionary entrepreneurs who have achieved key clinical, regulatory, and commercial milestones. These successes have generated significant value for our investors while improving patient outcomes globally. With a larger fund and a robust pipeline of high-quality opportunities ahead, we are poised to make an even greater impact on patient care."