Idinvest Partners, an investor in SMEs across Europe, has announced it has closed its third digital fund at €350m, having surpassed its initial fundraising target of €300m.
The fund has attracted many new LPs from Europe, Asia, the Middle East and North America. To date, €85m has already been invested across 15 innovative European businesses, all experiencing rapid growth in the digital sector.
Among these are Acinq, Kactus, October, Malt Community, Ornikar, Meero and TeleClinic, companies at the forefront of innovation across various areas of the digital sector: business software, fintech, insurtech, deeptech (AI, big data, VR, IoT, cyber security) and digital health.
Benoist Grossmann, Managing Partner at Idinvest Partners, said: “At Idinvest, we continue to place long-term importance on cultivating a dedicated ecosystem for entrepreneurs, therefore we are extremely pleased with the fundraising efforts of the team. The close demonstrates our expertise across the digital sector and shows the confidence that our institutional and corporate investors, leaders in Europe and internationally, have in our activities.”
Matthieu Baret, Managing Partner at Idinvest Partners, added: “Europe’s pool of entrepreneurs is constantly growing and evolving, and the third digital fund offers excellent investment opportunities, particularly in the digital sector.
For many years, Idinvest Partners has supported some of the most exciting and dynamic European technology businesses achieve their ambitions, by offering a collaborative approach available for the long-term, something we will continue to do moving forward.”