Sky Ramps Up Startup Investments Across Europe & Israel

Sky is planning to increase the reach and scale of its startup investment and commercial partnership activity with the opening of a new office in Berlin as well as a $4 million commitment to the Israeli venture capital fund Remagine Ventures.

Remagine Ventures, a newly launched fund based in Tel Aviv, is managed by Kevin Baxpehler (former investor at ProSiebenSat1.Media) and Eze Vidra (former Partner at Google Ventures Europe). The fund will specifically focus on technology startups within tech, entertainment, data and commerce.

The new office will give Sky a local presence in Berlin’s startup ecosystem, enabling the team to better build relationships with investors in the region and to find entrepreneurs to invest in and partner with. In addition, the team’s remit will extend to scouting for the most relevant companies across Germany and also the Nordics.

Emma Lloyd, group director of business development and partnerships at Sky, commented: “Six years on from our first investment, we’re expanding our startup activity across Europe and Israel. Spending time in both Berlin and Tel Aviv has left us hugely impressed with the energy, dynamism and talent of both tech scenes. This is an exciting new chapter for us and we can’t wait to get started and uncover new, innovative startups across the regions and beyond.”

Carsten Schmidt, CEO of Sky Deutschland, commented: “I’m very pleased to be expanding Sky’s activity with the establishment of a new Berlin base for our venture activity. I continue to be impressed by the strength of tech talent in Berlin, and ever-growing pool of startups bringing new and innovative ideas to the German market and beyond. I look forward to us establishing more partnerships with early-stage companies by setting up our Berlin-based office this year.”