Digital+ Partners raises 350 million euros in growth capital
Frankfurt/Munich — Digital+ Partners, the specialist in growth capital for the benefit of fast-growing technology companies, has successfully closed a significant growth fund for B2B technology companies with a sum of €350 million. Digital+ Partners thus significantly exceeded the original target volume of €300 million and reached the hard cap. Digital+ Partners will thus make an important contribution to closing the growth capital gap in Germany and the DACH region.
The fund successfully introduces an important asset class for growth financing of companies with proven technologies to the German market, as Digital+ Partners can invest up to €50 million each, including follow-on financing, in young and high-growth “business-to-business” (B2B) companies from the industrial and financial services sectors.
Portfolio already includes six attractive growth companies The fund invests in companies that are active in the attractive B2B market segment and are developing promising technologies in the areas of Internet of Things (IoT), data analytics or artificial intelligence. “We support young innovative companies that have the potential to transform core industries,” says Patrick Beitel (photo 5th from right), one of the four founding partners of Digital+ Partners and adds: “Germany has an excellent technology ecosystem for a B2B technology growth fund with strong companies, high research spending and innovative research alliances. We want to leverage these growth opportunities for promising technology companies and our investors.”
“We see great potential in financing more mature German technology start-ups,” explains Thomas Jetter (photo 3rd from left), also a founding partner of Digital+ Partners. “Growth financing remains underdeveloped in Germany. We estimate the financing gap at more than one billion euros per year. Venture and growth investors in the USA invest around 60 times as much money in young technology companies as comparable investors in Germany,” adds Axel Krieger (photo 2nd from left), also a founding partner of Digital+ Partners.
Digital+ Partners targets over 500 out of several thousand growth companies each year and comprehensively analyzes around 100 companies. “We finance young companies that have functioning business models, innovative technologies and rapid growth, and already have a broad customer base,” says Dirk Schmücking (photo 7th from right), also a founding partner.
Digital+ Partners has already invested over €60 million in six investments:
— Starmind, an Artificial Intelligence-based cloud platform for the identification of experts and knowledge documentation in companies;
— riskmethods, a SaaS solution for enterprise risk management of international supply chains;
— NavVis, an innovative provider for the digitization of industrial interiors and the creation of “digital twins”;
— movingimage, a leading SaaS provider of a video platform for companies for the efficient management and distribution of moving images;
- orderbird, a leading provider of cloud-based payments software in the hos- pitality segment;
— Cellcontrol, a “machine vision” platform to prevent cell phone distraction in work processes and vehicle guidance.
The growth capital specialist not only provides equity capital, but also its know-how and network through close cooperation with founders, investors and other companies. Digital+ Partners thus helps its portfolio companies to professionalize and scale, for example as a sparring partner for building professional processes for HR management and recruiting as well as sales and technology development.
The fund’s investors include leading institutional investors and technology companies as well as technology-savvy family offices from Germany, Europe, the USA and Asia. The European Investment Fund (EIF) and KfW also participated in the fund. The funds invested by the EIF and KfW come from the European Recovery and Reconstruction Program (ERP). EIF funds also come from LfA — Gesellschaft für Vermögensverwaltung mbH and from the European Investment Bank (EIB) supported by the European Union in the form of the European Fund for Strategic Investments (EFSI), the core of the Investment Plan for Europe.
Digital+ Partners has a strong network of industry and technology experts Digital+ Partners was founded in July 2015 by the experienced investment, finance, industry and strategy experts Patrick Beitel, Thomas Jetter, Axel Krieger and Dirk Schmücking. The founding partners have excellent international networks in the areas of digitization of traditional industrial sectors and the financial industry. The company is supported by industry partners who have extensive experience in scaling technology companies. Furthermore, the company is advised by an Advisory Board consisting of experienced professionals from the fields of financial services, technology and strategy.
About Digital+ Partners
Digital+ Partners is a specialist in growth capital for fast-growing technology companies for B2B solutions in the industrial and financial services sectors in Germany and internationally. Digital+ Partners plays an important role in the digital transformation of core German industries. In addition to providing growth capital, Digital+ Partners brings extensive expertise to best support its portfolio companies in implementing their growth trajectory. www.dplus.partners