Fortino Capital closes oversubscribed fund with € 700 million

Munich — Fort­ino Capi­tal, one of the leading private equity firms focu­sing on invest­ments in B2B SaaS compa­nies in the Bene­lux and DACH region, has closed its third private equity fund with capi­tal commit­ments of EUR 700 million. “Fort­ino PE III” was signi­fi­cantly over­sub­scri­bed and closed at an expan­ded hard cap well above the origi­nal target of EUR 600 million. A signi­fi­cant portion of the new capi­tal will be used to realize new invest­ment oppor­tu­ni­ties in German-spea­king countries. 

With its third PE fund, Fort­ino intends to main­tain its proven invest­ment stra­tegy and support estab­lished B2B soft­ware compa­nies that offer solu­ti­ons for busi­­ness-criti­­cal proces­ses. The invest­ment team with its manage­ment expe­ri­ence and the opera­ting team with its proven soft­ware exper­tise comple­ment each other to increase the sustainable growth of its port­fo­lio compa­nies. A model with a track record that has convin­ced nume­rous inves­tors within just a few months: The high demand came from exis­ting Fort­ino inves­tors as well as from a broad range of new insti­tu­tio­nal inves­tors from Europe and the USA — inclu­ding banks, consul­ting firms, foun­da­ti­ons, family offices, pension funds and state funds. 

Orga­nic growth oppor­tu­ni­ties for SaaS provi­ders in the DACH region

With a highly diver­si­fied inves­tor base and an 85% increase in volume compared to its prede­ces­sor fund, Fort­ino PE III marks a new level in the growth path that has been conti­nuously pursued since its foun­da­tion in 2012. The new fund’s resour­ces will enable a signi­fi­cant increase in deal volume. 

Phil­ipp Remy, Part­ner (photo © Fort­ino): “Arti­fi­cial intel­li­gence is funda­men­tally chan­ging the B2B SaaS land­scape and driving a market tran­si­tion: away from tradi­tio­nal SaaS products towards signi­fi­cantly more powerful, agent-based AI solu­ti­ons that increase opera­tio­nal effi­ci­ency. We support foun­ders and entre­pre­neurs with capi­tal and deep opera­tio­nal exper­tise to capi­ta­lize on these deve­lo­p­ments and take their busi­nesses to the next stage of growth.” Fort­i­no’s commit­ment to the DACH region to date is reflec­ted in tangi­ble results — from the successful exit of Symbio, the first German invest­ment in PE II, to the invest­ment in SIMCON (PE II) and compa­nies in which PE III has alre­ady inves­ted: MEHRWERK (process intel­li­gence soft­ware), as well as Modell Aachen and Orga­vi­sion (inter­ac­tive manage­ment systems). 

Fort­ino is also further expan­ding its invol­vement in the field of (pre)seed to Series A invest­ments in B2B SaaS and AI: The latest fund “Fort­ino Venture III” had its successful first close in April 2025. Part­ner Patrick Hermann: “With Fort­ino VC III, we are deligh­ted to now be imple­men­ting our stra­tegy from Bene­lux more actively in DACH with a local team. Our expe­ri­ence and in-depth B2B soft­ware and AI exper­tise enable us to play an active role in the growth and inter­na­tio­nal expan­sion of our port­fo­lio compa­nies. With VC III, we are buil­ding on the success of our previous funds while conti­nuing to invest in the future of B2B soft­ware and AI. With a full pipe­line and alre­ady first port­fo­lio compa­nies in Germany, we will be able to announce seve­ral new invest­ments in 2026.” 

Fort­ino curr­ently mana­ges a total of six funds in the areas of private equity and venture capi­tal and has raised over 1.5 billion euros to date. The company has inves­ted in 76 compa­nies and reali­zed 28 successful exits. 

About Fort­ino

Fort­ino Capi­tal, foun­ded in 2013 and based in Antwerp, Belgium, with addi­tio­nal offices in Amster­dam and Munich, is a leading Euro­pean invest­ment company focu­sing on high-growth B2B SaaS compa­nies. Fort­ino invests in soft­ware compa­nies that offer solu­ti­ons for busi­­ness-criti­­cal proces­ses and supports their foun­ders and CEOs in acce­le­ra­ting the growth of their compa­nies. The 35-strong Fort­ino team works from Antwerp, Amster­dam and Munich. Fort­ino has raised more than 1.5 billion euros in capi­tal to date. The private equity port­fo­lio includes compa­nies such as Worklinq (DK), Simcon (DE), Mehr­werk (DE), Modell Aachen (DE), Addac­tis (BE), VanRoey (BE), Bizz­mine (BE), Efficy CRM (BE), Seenons (NL), InTouch (NL), SpeakUp (NL), Maxx­ton (NL) and Boni­ta­soft (FR). — fortino.capital