Project A

What they fund

• Pre-seed to Seed — Explicitly stated as pre-seed and seed investors, partnering with 130+ founding teams at the earliest stages [1].
• Pan-European Scale — Invests from London to Berlin and beyond, targeting companies with global significance [1].
• Deep Tech & Fintech — Backing companies like Quantum Systems (€3bn valuation) and Trade Republic (Decacorn) in resilient and fintech sectors [1].
• Studio Validated Ideas — Funds ideas validated through Project A Studio, a pre-investment platform for high-potential concepts [1].

Investment thesis

Project A is the early-stage VC for entrepreneurs building the next generation of European icons, partnering with founders solving problems of global significance through emerging technologies [1]. The firm stands shoulder to shoulder with founders as long-term peers through every cycle, aiming to build bold ideas into enduring companies [1]. They invest across four key themes: European Resilience (national security, technological sovereignty, democratic stability), Fintech (democratic markets, efficient industries), Future of Autonomous Work (intelligent software, re-architecture of modern business), and Global Supply Chains (intelligent, adaptive and robust systems of production and trade) [1]. Their approach is pre-seed and seed, pan-European, leveraging a pre-investment platform called Project A Studio to validate founders' boldest ideas before formal funding [1].

Value add

Project A offers a pre-investment platform called Project A Studio to validate founders' ideas before formal funding, leveraging deep domain expertise and a powerful network [1]. They position themselves as long-term peers, standing shoulder to shoulder with founders through every cycle [1].

Fit verdict: Ideal for founders seeking a long-term partner with a strong pan-European network and a structured pre-investment validation process.

Founder diligence script:

• How does Project A Studio integrate with the formal investment process?
• What specific network connections do they provide for pan-European scaling?
• How do they support founders through different market cycles?
• What is their typical follow-on investment strategy for seed companies?

Portfolio focus

• European Decacorns & Unicorns — Trade Republic (€12.5bn valuation), Sennder (tech logistics), and Knowunity are highlighted as major successes [1].
• AI & Autonomous Work — 11x (AI-first future of work) and Quantum Systems (global category leader) demonstrate focus on deep tech and AI [1].
• Fintech & Supply Chain — Root Global, Catawiki, and Andercore (industrial supply) show breadth in fintech and supply chain infrastructure [1].

Notable investments & exits

• Trade Republic — Reached a €12.5bn valuation, becoming Europe's newest Decacorn [1].
• Quantum Systems — Secured a €3bn valuation, establishing a global category leader [1].
• Sennder — Scaled into a tech logistics powerhouse [1].
• 11x — Shaped the AI-first future of work, expanding from London to San Francisco [1].

Strategic implications

Project A's strength lies in its pan-European network and early-stage focus, allowing it to back companies like Trade Republic and Quantum Systems before they achieve unicorn status. Their Project A Studio platform provides a unique edge in validating ideas before formal investment, reducing risk and increasing conviction. The firm's focus on European Resilience and Fintech positions it well to capitalize on geopolitical and economic shifts in Europe.

Where they could go further

Project A could expand its focus to include more mid-stage investments to support its portfolio companies as they scale beyond seed. The firm could enhance its global supply chain theme by partnering with more industrial tech companies to build a robust ecosystem. Project A could leverage its studio platform to attract more international founders, expanding its pan-European reach.