Digitalisation and new regulations have fundamentally changed the world of banking in the last two decades. The Volksbanken Cooperative has been shaping Germany’s banking landscape since 1850. Today, the Cooperative has over 18 Million customers and is the market leader in SME-banking. In 2015, Berliner Volksbank decided to leverage its unique position to become a driver of innovation in the financial and real estate sector by investing in FinTechs, PropTechs and digital solutions for SMEs. The bank chose Redstone to be its strategic partner and venture capital expert. Within five years, our joint teams invested alongside top global investors like Insight Ventures, e.ventures and Partech into a portfolio of 12 startups. Late 2019 was the beginning of the next chapter, when multiple investors joined Berliner Volksbank and Redstone for the closing of a second and significantly bigger VC fund. VR Ventures was born and is now actively investing.
Together with Redstone, VR Ventures has already won various investments and given startups with innovative solutions the chance to digitize the industry and simplify processes. Investing in startups such as RightNow, Palturai and Banxware demonstrates the shared objective of Berliner Volksbank and Redstone. VC expertise on the part of Redstone combined with Volksbank’s many years of industry knowledge enable new standards to be set jointly and thus, in perspective, to decide on the banking sector of the future.