Idinvest holds final close of Idinvest Digital Fund III at EUR350m
Idinvest Partners, aa investor in SMEs across Europe, has anheldnounced the final closing of its third digital fund at EUR350 million, having surpassed its initial fundraising target of EUR300 million.
The fund, managed by a team of nine investors, has attracted many new LPs from Europe, Asia, the Middle East and North America. It has also been highly successful among investors who, following their participation in the previous fund, extended their commitment.
The final close of the Idinvest Digital Fund III has surpassed that of its predecessor, the Idinvest Digital Fund II, which secured EUR154 million.
Benoist Grossmann, Managing Partner at Idinvest Partners, says: “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.”
To date, EUR85 million 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.
Matthieu Baret, Managing Partner at Idinvest Partners, adds: “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.”