Spreadshirt founder creates new investment vehicle for European startups

Some interesting and encouraging news coming out of Germany for early stage startups. Lukasz Gadowski, who founded Spreadshirt in 2002 and was the co-founder of the social network StudiVZ, today Germany’s largest website, is starting a new fund for startups.

Dubbed Team Europe, the company will take his existing portfolio of investments under Lakattack Ltd – which includes Brands4Friends among 50 other – in the new entity.

Gadowski said: “In Germany and Europe entrepreneurship is generally underdeveloped compared to for example the UK or the US. Also the financing ecosystem is comparatively immature. We want to change this and enable even more prospective entrepreneurs to develop their full potential.”