Team Europe

Founder and Partner Lukasz Gadowski leads all investment decisions. Gadowski previously founded and scaled Delivery Hero, which IPO'd in 2017, and co-founded funds including Point Nine Capital. His approach is concentrated — he invests personal conviction capital alongside institutional co-investors rather than delegating decisions to a large partnership committee.

Lukasz Gadowski is a co-founder and limited partner in Point Nine Capital, the Berlin-based early-stage SaaS fund, but Team Europe operates separately as his direct-investment vehicle. The two entities share overlapping deal flow in the Berlin ecosystem and occasionally co-invest, though they maintain distinct investment committees and fund structures.

Team Europe focuses on direct equity investments in European startups, primarily at seed and Series A stages. Gadowski's personal LP commitments to other venture funds — including Point Nine Capital and Sunstone Capital — provide the firm with additional deal flow, but the vehicle's mandate is direct company ownership, not fund-of-funds relationships.

The firm targets European seed and Series A rounds, with typical initial commitments between €500,000 and €2 million. It reserves capital for follow-on participation in subsequent rounds. The portfolio spans enterprise software, mobility, fintech, and digital health, with investments concentrated in Germany, DACH, and pan-European companies.

The firm's initial capital base derived from Lukasz Gadowski's exit proceeds as founder of Delivery Hero. Unlike institutional venture funds that raise committed capital from external limited partners, Team Europe began as a personal investing vehicle and retains an operator-founder capital structure rather than a traditional fund cycle.

Team Europe does not operate with the typical institutional fund structure — it did not emerge from a traditional limited-partner raise. The firm's investment pace is not governed by deployment schedules, fee targets, or fund-life constraints, which gives it flexibility to vary commitment sizes and hold positions without pressure from a clock.

The firm has no publicly stated avoidance policy, but its disclosed portfolio shows no exposure to hardware-intensive deep tech, biotech, or energy infrastructure. The pattern indicates a preference for capital-efficient, software-centric business models where Gadowski's operational experience as a marketplace and platform builder most directly applies.