Super angel fund Speedinvest, based out of San Francisco, California, and Vienna, Austria, has already made four significant investments since its inception just over six months ago. The diverse investments range from online entertainment services to social media to VoIP vendors. In total, the company has pumped in about EUR 1 mln in these startups. Gaminside, for which Speedinvest lead the angel round, is a service provider to the gaming and entertainment industry; Sipwise is an open source VoIP vendor servicing regional cable providers and ISPs; Soup.me, their most recent investment, is a site that tracks a person’s online footprints; finally, Finderly, which is essentially a socially driven consumer electronics e-commerce portal. Speedinvest currently holds an investment pool of around USD 10 mln, with plans to increase its scope financially as well as in terms of geographical presence.
Sipwise is an Austrian communications technology company operating out of Vienna, that specializes in Session Initiation Protocol (SIP) technology. Their primary focus is on developing carrier-quality Class5 VoIP communication platforms and create long-term relationships with their customers, which will, in turn, drive down costs and help them introduce new services. The company is jointly run by its majority stakeholders: Daniel Tiefnig, Andreas Granig, Atilla Ceylan.
Speedinvest is a Vienna-based early stage Super Angel fund that went operational in July 2011. The fund is headed by founder Oliver Holle and operates by not only investing to the tune of EUR 500,000 per company, but also by staffing their portfolio companies with veteran entrepreneurs and allowing them to use SpeedInvest’s office space in San Francisco, giving European entrepreneurs a front door entrance to further potential funding. The fund pool is currently contributed to by 30 private investors sharing a collective committment of USD 10 million.