London-based One Peak closes $1bn B2B software fund

One Peak fund Image credit: One Peak

London-headquartered private equity firm One Peak has closed a $1bn (£821.8m) fund to invest in B2B software companies based in Europe and Israel.

The growth investor’s Fund III will make investments ranging from $15m (£12.3m) – $100m (£82.2m).

“Growth equity is a significantly underrepresented asset class in Europe versus the US and China,” said Humbert de Liedekerke Beaufort, co-founder and managing partner, One Peak.

“There are many world-class founders in Europe who need capital and support to win at global scale, and One Peak fills that gap for the best B2B software companies.”

Prior to Fund III, One Peak has backed companies such as DocPlanner, Panda Doc and Cymulate.

Following the fund close, One Peak now has approximately $2bn (£1.6bn) in assets under management.

David Klein, co-founder and managing partner, One Peak, said: “We are ultimately in the business of investing in exceptional founders, and we work alongside them with the same passion and dedication as they do.”

Recent investments from One Peak include DataGuard’s €61m (£52.7m) Series B with Morgan Stanley Expansion Capital.

This week saw Jenson Funding Partners launch its £60m Aurora I fund aimed at green technology startups.