Visionaries cuts investment team to two lead partners for next fund

German VC firm Visionaries Club is downsizing its investment team to become a "GP-led" firm, preparing for its next fund anticipated later this year, as announced by general partner Rob Lacher on Tuesday. Lacher will lead the investment team alongside partner Venkat Kondragunta. Judith Dada, who joined Visionaries as a general partner last year, has moved to co-CEO of portfolio company Langdock and will retain her senior partner status at Visionaries.

This announcement comes after Sifted reported last week that two of the firm's investors, Robert Jäckle and Marton Sarkadi Nagy, are stepping down from full-time partner roles, with another investor considering an exit. Jäckle and Nagy stated they will assume more entrepreneurial roles at Visionaries, while the impact and future roles of the remaining investors are unclear.

The AI era is driving the concentration of resources and expertise within VC firms, according to Lacher, who describes the "concentration" model as a streamlined approach. Visionaries, founded in 2019, has backed notable startups such as Lovable, Black Forest Labs, and N8n. The trend of VCs adopting CEO or operator roles alongside their investment positions is gaining traction in Europe, with early-stage deeptech startups attracting investments from top-tier VCs.