Top-Right Large Bubble

News

Press: Hero

Press Releases

Press: Press releases

__Berlin, 18.01.2022.__ Cyber insurance company Baobab raises a $4.2 million pre-seed financing round led by Project A Ventures to protect organizations from existing and emerging cyber threats. Additional investors include La Famiglia, Discovery Ventures and several angel investors such Christopher Oster and Marco Adelt (Clark), Michael Riegel (Comtravo), Hanno Fichtner (Gabi), Emilios Markou and Alexis Pantazis (Hellas Direct), Philippe Mota and Jan Beckers (Bit Capital & Ioniq) as well as Martin Kissinger (Lendable).

Baobab aims at making small and medium-sized enterprises (SME) more resilient against cyber risks by combining cyber insurance and security measures to offer holistic risk management. The demand for cyber insurance is growing. Attackers have automated vulnerability discovery and are increasingly targeting SMEs which are rarely insured against cyber threats such as ransomware, DDOS and data breaches.

Baobab insures companies against damages caused by cyberattacks such as business interruptions, liabilities and service costs. On top of that, Baobab reduces risks by assessing potential threats, providing attack surface management as well as continuous monitoring and vulnerability checks to protect customers from further exposure to hacks. 

__Sam Cash__, Principal at Project A, says: “The cyber insurance market is at a unique inflection point, with demand for coverage exploding and incumbents retrenching given the complexities of pricing. We’re happy to be partnering with Vincenz and Anton, who are seasoned insurtech operators. Baobab has a unique approach in Europe which specifically targets the needs of SMEs who increasingly become targets of cyberattacks.”

For more information, go to [Baobab.io](https://www.baobab.io/).

Protecting SMEs against cyber threats: Project A invests in Insurtech Baobab

Baobab PAV Website

__Berlin, 14.01.2022.__ Project A leads the seed funding round for personal travel assistant Origin. Based in Amsterdam, Origin is a membership travel company that creates completely individual, personalized trips. Origin uses the knowledge of human travel experts and then powers their trip curation with machine learning in one app.

Origin has raised over $5 million in funding from Project A, Cavalry Ventures and notable angels like David Rosenthal (cohost of Acquired), Brad Klingeberg (CAO of Daily Harvest and previously StitchFix), John Johnson (cofounder of Buzzfeed).

"While travel booking has been digitized at the expense of traditional travel agencies years ago, the process of booking complicated trips like a safari has remained burdensome for travelers. At the same time mobile-first millennials and GenX are becoming the driving force behind the growing premium travel market," says __Mey Cezairli__, Investment Manager at Project A. "We believe that by blending human touch with the latest machine learning technology, Origin has the potential to create a scalable premium travel assistant for highly personalized trips that is making travel much more special and convenient."

For more information, go to [origin.me](https://www.origin.me/).

Project A leads seed funding for personal travel assistant Origin

Origin PAV Website

__Berlin, 26.11.2021.__ Project A leads the investment round for AI-powered writing productivity tool [Flowrite](https://www.flowrite.com/). The Helsinki-based company raises $4.4M seed round to build the future of written communication. Moonfire Ventures also particpiated in the round, alongside existing investors Lifeline Ventures and Seedcamp as well as renowned angel investors.

Flowrite has developed a writing productivity tool that turns short instructions from the user into ready-to-send emails and messages across the web. The tool helps professionals and knowledge works save time from their daily communication and lets them improve their written communication.

__Sam Cash__, Principal at Project A says: “Currently, knowledge workers spend an inordinate amount of time with written communication, which is a drag on productivity. Flowrite is starting with email, and solving the hard natural language processing challenge of providing accurate textual output based on an individuals’ writing style. We at Project A are very happy to be leading the seed round and supporting Aaro, Karolus, and all the Flowrite team in making this a reality.” 

Project A leads financing round for productivity tool Flowrite

Flowrite

__Berlin, 23.11.2021.__ Project A invest in Berlin-based multicultural grocery delivery company [Yababa](https://www.yababa.com/). Yababa is pioneering online shopping and delivery for ethnic groceries, providing access for underserved communities to a large, high-quality product-range, with a convenient same-day delivery shopping experience. The company launched in October 2021 in Germany, with an initial focus on Turkish and Arabic communities.

The funding round was led by Creandum as well as Project A, existing investor FoodLabs and renowned business angels are joining the round. 

“Multicultural grocery shopping is an underserved and very fragmented market, widely differing from city to city and district to district. The amazing and experienced Yababa team is on a mission to enrich the everyday lives of millions of people in Europe - not only with the best-possible shopping convenience but also by offering a truly unique food supply”, said __Anton Waitz__, General Partner at Project A Ventures.

Project A invests in multicultural grocery delivery startup Yababa

yababa

__Berlin, 22.11.2021.__ Project A portfolio company [Gabi](https://www.gabi.com/) is acquired by consumer credit reporting agency [Experian](https://www.experian.com/) for $320M. Project A successfully exits the insurtech company after having first invested at pre-seed stage five years ago.

Founded in 2016 by Hanno Fitchner, Krzysztof Kujawa and Vincenz Klemm, Gabi is a mobile-first insurtech based in San Francisco. The company automates insurance shopping and provides more visibility into insurance rates, enabling people to compare insurance companies’ offerings, receive new quotes and ultimately save money on their insurance policies.

"Gabi’s technology-driven approach has not only improved the customer experience for those seeking to get the best and most affordable insurance policies, but it has also raised trust in the industry and generated more insurees for its insurance partners", says __Anton Waitz__, General Partner at Project A. "We are proud to have been part of Gabi's journey from the very beginning and we are very confident that the company has found the best fit with Experian as its new owner."

For more information, see [here](https://coverager.com/experian-acquires-gabi-for-320-million/).

Exit: InsurTech Gabi is sold to Experian for $320M

Gabi

Gabi is acquired by Experian

__Berlin, 04.11.2021.__ Project A portfolio company __Eyeota__, an audience technology and data transformation platform, is acquired by Dun & Bradstreet, a leading global provider of business decisioning data and analytics. Financial details of the transactions were not disclosed according to the agreement. Project A has been supporting Eyeota since its seed financing round in 2013.

Eyeota is a leading source for audience data enabling advertisers to better target and engage audiences across global markets and digital channels - all while respecting consumer privacy. The company was founded in 2010 and operates in Europe, Asia, Australia and the Americas, powering data solutions in 188 countries.

__Florian Heinemann__, General Partner at Project A, says: “Eyeota has found a perfect new owner with Dun & Bradstreet and it will be an essential element in the future digital strategy of the company. We are proud to have invested in Eyeota at a very early stage. We have seen how the company has thrived over the last years, becoming one of the world’s largest data onboarding and audience intelligence firm.”

For more information see the official announcement [here](https://investor.dnb.com/news/news-details/2021/Dun--Bradstreet-Announces-It-Has-Signed-Definitive-Agreements-to-Acquire-Eyeota-and-NetWise-to-Expand-Its-Revenue-Technology-Leadership-Position/default.aspx).


Exit: AdTech platform Eyeota is acquired by Dun & Bradstreet

eyeota pav website

Eyeota is acquired by Dun & Bradstreet 

Press: Press release list

Project A

Press: Project A

Press: About Project A

Project A in Numbers

Press: Project A in Numbers

Press: KPI Slider

Media Assets

Press: Media Assets

Project A Fact Sheets

Fact Sheets

Project A Fact Sheets Thumbnail

Project A Logos

Project A Logo Preview

Project A Partners

Partners

Press: Media asset downloads

Press Kit Partners

Press: Press Kit Partners

Ben Fischer Press Kit 2021

Ben Fischer

Ben Fischer: Portrait

Anton Waitz Press Kit 2021

Dr. Anton Waitz

Anton Waitz: Portrait

Florian Heinemann Press Kit 2021

Dr. Florian Heinemann

Florian Heinemann: Portrait

Rainer Berak Press Kit 2021

Rainer Berak

Rainer Berak: Portrait

Thies Sander Presskit 2021

Thies Sander

Thies Sander: Portrait

Uwe Horstmann Press Kit 2021

Uwe Horstmann

Uwe Horstmann: Portrait

Press: Press kit partners downloads

Press

PAV Team #1

Electric Gamebox

Voi e-scooters

Unmind Application

JoinPolitics

PAKCon 2019 - Opening & How to make your company more diverse

Project A Knowledge Conference 2019 - Opening – Title Image

sennder truck #2

Sophie Chung

Nick Taylor

Testimonial: Trade Republic Christian Hecker

PAV Team #2

Investing capital and operational expertise in founders who are reshaping their industries

Homepage v2: Hero

Our Success Stories

Homepage v2 - Success Stories

Testimonial: KRY Johannes Schildt

Kry has taken telemedicine to the next level enabling people across Europe to see a doctor without actually having to go to one. We first invested in Kry’s seed round. Since then Kry has become a European unicorn in the digital healthcare market.

PP: Portrait

Project A was asked to help Kry become more efficient with performance marketing. Our marketing team jumped in and supported Kry to accelerate growth and set the foundation for scalability across markets.

Testimonial: sennder David Nothacker

sennder is an incredible success story: The company became Europe’s leading digital freight forwarder in only a couple of years. Rising to the status of unicorn in 2021, we continue to support sennder, having invested early on at seed stage.

Testimonial: Spryker Boris Lokschin

Founded in 2014, Spryker enables companies to build sophisticated transactional business models in unified commerce including B2B, B2C, and Enterprise Marketplaces. It is the most modern platform-as-a-service (PaaS) solution with headless & API-based architecture that is cloud and enterprise-ready. We have been part of their journey since their very beginning.

Trade Republic is Europe’s mobile-first commission free broker. Its mission is to democratize access to capital markets and close the European pension gap. After raising one of the largest funding rounds in Europe, Trade Republic now ranks among the highest valued FinTechs.

Andrea: Portrait

Our Talent Acquisition team collaborated with Trade Republic on one of the most important things for a startup: hire the right bright-minded and talented people. The operational support includes the entire recruitment process from setting up the recruiting plan to sourcing and hiring.