Picus Capital closes Venture Fund II for € 250 million

Munich — Picus Capi­tal Manage­ment announ­ces the final closing of Picus Venture Fund II with a cap of € 250 million. The fund saw signi­fi­cant inves­tor demand from new and exis­ting inves­tors and closed more than double the size of its prede­ces­sor, Picus Venture Fund I. The fund was over­sub­scri­bed follo­wing signi­fi­cant inves­tor demand. This latest vintage is c. 2.5x the size of Picus’ inau­gu­ral fund, Picus Venture Fund I, laun­ched in 2021. 

Backers of Picus Venture Fund II include global Tier 1 inves­tors such as Wilshire, a major Euro­pean insurer, in addi­tion to previously disc­lo­sed anchor inves­tors M & G Invest­ments, one of the UK’s largest asset mana­gers, inves­t­ing through Titan­bay. Other part­ners include the Global Fund of Funds, inter­na­tio­nal compa­nies, major Euro­pean family offices and promi­nent tech founders. 

Picus Venture Fund II will conti­nue to apply the firm’s unique stra­tegy of iden­ti­fy­ing emer­ging winners and lever­aging insight and access advan­ta­ges deri­ved from early stage, priva­tely funded port­fo­lio and selec­tive new deals that also utilize the firm’s early stage scree­ning capa­bi­li­ties. With a global presence spread across multi­ple offices world­wide, Picus Capi­tal conti­nues to support the most ambi­tious entre­pre­neurs at the earliest stages, while the venture fund stra­tegy streng­thens these capa­bi­li­ties by allo­wing the group to support these most promi­sing port­fo­lio compa­nies and their foun­ders throug­hout each stage of their growth journey. 

Raphael Muko­mi­lovPart­ner and Head of Growth, says: “We are deligh­ted to achieve this signi­fi­cant mile­stone for Picus. In a highly compe­ti­tive and vola­tile market, this reflects the strength of our focu­sed stra­tegy and our ability to deli­ver compel­ling risk-adjus­­ted returns through our diffe­ren­tia­ted approach. We are also plea­sed to have alre­ady made the Fund’s first invest­ments in global, highly disrup­tive tech­no­logy compa­nies that align with our vision of support­ing purpose-led inno­va­tion. In addi­tion, our stra­te­gic colla­bo­ra­tion with part­ners such as M & G Invest­ments unders­cores our commit­ment to support­ing the next gene­ra­tion of tech­no­logy compa­nies that build for both scale and impact. ”

Robin Goden­rath, Foun­ding Part­ner and Mana­ging Direc­tor, adds: “With the launch of Picus Venture Fund II, we are deligh­ted to deepen our commit­ment to the visio­nary entre­pre­neurs we have worked with since our incep­tion. This new fund will allow us to conti­nue to provide even more compre­hen­sive support at key inflec­tion points in their growth journeys. 

Since Picus Capi­tal’s incep­tion in 2015, our goal has been to serve as a long-term spar­ring part­ner to excep­tio­nal foun­ders buil­ding trans­for­ma­tive compa­nies with the poten­tial for outsi­zed impact. The successful closing of Fund II is a testa­ment to this mission and rein­forces our commit­ment to this approach. Today, we are proud to support over 200 compa­nies, not only with capi­tal, but also with the stra­te­gic insights, opera­tio­nal exper­tise and global network needed to realize their full potential.” 

About Picus Capi­tal and Picus Capi­tal Management

Picus Capi­tal is commit­ted to support­ing global, leading tech­no­logy compa­nies at the earliest stages and was the first inves­tor in seve­ral unicorns such as Perso­nio ( most recently valued at USD 8.5bn ) and Enpal ( most recently valued at EUR 2.2bn ), gene­ra­ting an annual IRR of 45% since its incep­tion in 2015.

Picus Capi­tal is an inter­na­tio­nal venture capi­tal firm head­quar­te­red in Munich with offices in New York, Berlin, London, Banga­lore and Madrid. Picus Capi­tal Manage­ment is the Group’s fund manage­ment unit. Picus Capi­tal works with entre­pre­neurs from pre-seed to later growth stages through Picus Capi­tal Manage­men­t’s venture fund stra­tegy. The company focu­ses on tech­no­logy compa­nies in finan­cial services, human resour­ces, energy and climate, health­care, enter­prise soft­ware and infra­struc­ture, tech­bio, cyber­se­cu­rity and AI appli­ca­ti­ons. As an entre­pre­neu­rial spar­ring part­ner, Picus main­ta­ins a long-term invest­ment philo­so­phy and supports foun­ders from the idea phase to IPO and beyond. 

www.picuscap.com