Presight Capital raises $80M fund to connect US startups with Europe

Presight Capital, the international venture arm of Aperion Investment Group, is announcing that it’s closed its first fund of $80 million.

Aperion is the family office of German entrepreneur Christian Angermayer (pictured above), who previously co-founded pharmaceutical company Ribopharma. Angermayer told me he sees his investments as a way for him to continue building new startups.
“In my heart, I’m still an entrepreneur,” he said. “I have some character traits that are really good for an entrepreneur, but I’m not a good operator. I know that I’m not the guy who should run a company.”
Angermayer (who lives in London) said that with Presight, he’s taking on outside capital for the first time: $20 million of the Presight fund comes from Aperion, $60 million from other investors.
This will also allow him to start investing outside Germany and Europe — he started Presight with partner Fabian Hansen, who’s based in San Francisco, and the firm will back U.S. startups, with selective investments in Asia and Europe.

fabian hansen

Fabian Hansen

Angermayer and Hansen said that Presight generally invests in early-stage startups, alongside U.S. venture firms. In addition to the money, they can offer startups the connections and knowledge they need to expand into Europe, particularly when it comes to understanding the regulatory landscape.
They also said they have expertise in sectors like biotech, and can connect startups to Wall Street when it’s time to raise larger rounds.
In fact, according to a source with knowledge of the firm, investors in the fund include Wall Street figures like Galaxy Digital founder Mike Novogratz, Falcon Management President James Leitner and Moore Strategic Ventures. Other investors include Austrian entrepreneur Alexander Schuetz, international entrepreneur and investor Nicole Junkermann, the Schadeberg family office (that’s the family that owns Krombacher beer), Albright Stonebridge Group executive Michael Shtender-Auerbach, Stern Stewart Managing Partner Markus Pertl and actress Uma Thurman.
Presight has already made nine investments, five of them disclosed publicly:

  • Terran Biosciences, focused on neurological and mental illness
  • Peptilogics, developing treatments to address drug-resistant bacterial infections
  • Enclear Therapies, focused on neurodegenerative disease
  • SmithRX, which aims to replace pharmacy benefit managers
  • cannabis company Left Coast Ventures

While there’s a clear focus on biotech, Angermayer said he’s deliberately trying to invest across different industries, allowing him to “take a lot of learnings in one sector and apply it to new ones.”
He added, “That’s one of my deep beliefs: You can either be vertical or horizontal. For problem-solving, especially if things are new, you want to have a very holistic view of things.”

The changing nature of venture capital

Source: TechCrunch

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