European venture capital firm Sprints completes € 725 million fifth round of fund raising

Sprints, a European venture capital firm, has raised 725 million euros in its fifth funding round and has deployed over half of the funds to invest in new companies and existing portfolios. The investors include endowments, foundations, pension funds, and family offices. Sprints initially invested in Revolut, the largest shareholder of Vinted, and invested in Flightradar24 and Checkout.com. Its AI customer service company Fin was acquired by Salesforce for $3.6 billion this year. (Source: Bloomberg)