Key Takeaways
- • Berlin-based venture firm Robin Capital has closed its second early-stage fund at €15 million, bringing total commitments across two funds to €30 million.
- • Fund II has already made 17 investments, including SkySpy.ai, Marble Imaging, and Helicity Space, while the firm has made 51 investments across both funds.
- • Robin Capital has also set up three dedicated growth SPVs to back ARX Robotics, Almetra, and Ground A, an initial step toward later-stage financing.
- • Founder Robin Haak plans a third €15 million early-stage fund toward the end of 2027, subject to progress of the existing funds, and a potential €100 million-plus Growth Continuity Fund roughly three or more years out.
Summary
Berlin-based venture capital firm Robin Capital has closed its second €15 million early-stage fund, bringing total commitments across its two funds to €30 million, according to The Recursive. Fund II has already made 17 investments, including SkySpy.ai, Marble Imaging, and Helicity Space, targeting technologies in intelligence, defense, Earth observation, and space exploration. The firm's first €15 million fund, launched in 2023, has backed 34 companies, bringing Robin Capital's total to 51 investments across both funds.
While many European venture firms pursue larger funds as they mature, solo general partner Robin Haak is deliberately keeping fund sizes small. He aims to build a connected investment community able to support founders across stages of development. Per Haak, the first fund has brought together three venture partners, around 100 operating partners and advisors, and a limited partner advisory committee, and has backed roughly 50 founders. The firm's WhatsApp community connects approximately 200 founders and investors, which Robin Capital treats as a central component of its investment model rather than a perk for portfolio companies.
Beyond its funds, Robin Capital has established three dedicated growth SPVs to back ARX Robotics, Almetra, and Ground A. Haak hopes to launch a third €15 million early-stage fund toward the end of 2027, subject to the development of the existing funds. Over a longer horizon, potentially three or more years away, he would also like to explore a €100 million-plus Growth Continuity Fund that would allow the firm to participate in later financing rounds. Haak cited Elad Gil's model of spanning early-stage and mature companies as a template he hopes to replicate in Europe. The Growth Continuity Fund remains an aspiration rather than a planned or announced vehicle.
Fund II will focus on early-stage startups in AI, robotics, defense, space, and deep tech, with an emphasis on companies addressing complex industrial and technological challenges. The first fund backed companies including Bulgarian-founded startups Uvionix and Paypercut.
While many European venture firms pursue larger funds as they mature, solo general partner Robin Haak is deliberately keeping fund sizes small. He aims to build a connected investment community able to support founders across stages of development. Per Haak, the first fund has brought together three venture partners, around 100 operating partners and advisors, and a limited partner advisory committee, and has backed roughly 50 founders. The firm's WhatsApp community connects approximately 200 founders and investors, which Robin Capital treats as a central component of its investment model rather than a perk for portfolio companies.
Beyond its funds, Robin Capital has established three dedicated growth SPVs to back ARX Robotics, Almetra, and Ground A. Haak hopes to launch a third €15 million early-stage fund toward the end of 2027, subject to the development of the existing funds. Over a longer horizon, potentially three or more years away, he would also like to explore a €100 million-plus Growth Continuity Fund that would allow the firm to participate in later financing rounds. Haak cited Elad Gil's model of spanning early-stage and mature companies as a template he hopes to replicate in Europe. The Growth Continuity Fund remains an aspiration rather than a planned or announced vehicle.
Fund II will focus on early-stage startups in AI, robotics, defense, space, and deep tech, with an emphasis on companies addressing complex industrial and technological challenges. The first fund backed companies including Bulgarian-founded startups Uvionix and Paypercut.
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