Europe’s latest Solo GP Felix Plapperer has announced that his VC firm, BOOOM has completed the final close of its first fund at €17 million. The Berlin-based fund will invest in European B2B software startups at pre-seed and seed, with a particular focus on supply chain and procurement tech startups.
According to Plapperer, the three co-founders of German logistics unicorn sennder — David Nothacker, Julius Köhler and Nicolaus Schefenacker — were involved in “co-initiating the fund” and have committed to mentoring the founders of all its portfolio companies.
BOOOM will write cheques of between €100,000 to €400,000 in around 30 companies. Like many solo GP funds, it won’t seek to lead deals.
Investors in the fund include partners from well-known VC firms Accel, Index and Creandum, along with a handful of institutional investors and founders of tech companies including Celonis, King, Flix and sennder.
The sennder founders will no longer invest as individual angel investors following their commitment to BOOOM. They’ll also mentor portfolio founders for the 12 months immediately following an investment, with each founder likely working with two to three companies at a time.
BOOOM is also building a community of scaleup founders and operators to advise portfolio companies on domain-specific topics, like tech, product and go-to-market.
The fund has so far invested in 11 companies, including Timberhub, a timber trade marketplace, Ankar AI, an AI licensing and infringement detection tool and Spread AI, which creates digital twins of engineering products in the automotive and aerospace sectors.
Plapperer was previously a partner at Berlin-based VC SquareOne. Before that, he worked at startup factory Rocket Internet and consultancy Boston Consulting Group.