Armen, a specialist in European GP stake investments, has agreed to acquire an equity stake of up to 32% in Jolt Capital, a European investor in deeptech growth companies with revenues between €10m and €50m.
The transaction, which is subject to approval by the French financial regulator Autorité des Marchés Financiers, is the second investment from Armen GP Stakes Fund I.
According to a press statement, the investment will provide Jolt Capital with the resources to continue developing its deeptech platform and expand from a “strong base in Europe to North America and Asia”. Jolt Capital will also benefit from the strategic and operational support that Armen provides to its portfolio companies, across cyber security, digitalisation, human resources and international corporate development.
With over €500m million in AUM and a team of 30 investment professionals, Jolt Capital operates across various sectors including semiconductors, robotics, AI, cybersecurity, materials, sensors and photonics, which it combines with a data-driven approach, utilising its proprietary AI platform, Jolt.Ninja.
Operating across ten countries in Europe, Jolt Capital has invested in numerous industrial production and software development sites.