Deutsche Börse Group has invested in the first German growth fund for fast-expanding B2B-software companies.
The fund has been initiated by Digital+ Partners. The first subscription tranche of the Digital Growth Fund I has been closed with EUR131.5 million.
Deutsche Börse has invested jointly with other institutional investors from Germany such as ZEISS.
“Innovative and fast-growing companies are essential to our economic development. And so we support initiatives to ease their access to capital. Our investment in the fund launched by Digital+ Partners is the perfect supplement to our own direct investments in fintech firms via the DB1 Ventures platform,” says Carsten Kengeter (pictured), CEO of Deutsche Börse AG.
The Digital Growth Fund I invests directly and exclusively in technology companies with established, successful business models, which generate revenues between EUR5 million and EUR25 million, and have a broad base of existing clients. The average investment per company – distributed over several tranches – has a target value of between EUR20 million and EUR30 million, and an investment horizon of five years.
Digital+ Partners was founded in July 2015 with a view to strengthening growth financing for B2B companies in Germany.
