Idinvest Digital Fund: Final Closing at 350 Million Euros
Paris/Frankfurt am Main — Idinvest Partners, the European investment firm specializing in the SME segment, has announced the successful final closing of its third fund focused on the digital economy, Idinvest Digital Fund III, at €350 million. The fund thus exceeds its original target volume of 300 million euros. In addition, Digital Fund III significantly exceeds its predecessor’s volume of 154 million euros.
The fund, which is managed by a nine-person investment team, includes a number of new investors from Europe, Asia, the Middle East and North America. In addition, a large number of investors who had already invested in Digital Fund II also participated.
The new fund has already invested €85 million in 15 innovative and fast-growing companies in the European digital economy. These include German telemedicine startup TeleClinic, as well as Acinq, Kactus, October, Malt Community, Ornikar and Meero. They are all shaping tomorrow’s business models in a wide variety of digital economy sectors: enterprise software, fintech, insurtech, deeptech (artificial intelligence, big data, virtual reality, Internet of Things, cyber security) and digital health.
Idinvest Partners is one of the most active continental European venture capital (VC) investors. The investment focus is on the digital economy, smart cities and healthcare sectors. In Germany, the company has so far invested in ten companies, the current portfolio includes:
Allthings, a PropTech company that provides digital services that make the daily lives of building users easier, connect people and improve communication.
Campanda, a platform where customers can rent motorhomes worldwide from commercial operators and private motorhome owners.
The e‑scooter rental company Circ.
Sunfire, a supplier of renewable technical gas and fuel production equipment.
Telemedicine company TeleClinic, which offers around-the-clock video and phone consultations with specialists and primary care physicians.
Wefox, one of the leading insurtechs that helps consumers manage and optimize their insurance online.
The total volume of Idinvest Partners’ venture capital investments in Germany amounts to 78 million euros. In terms of investment volume and number of portfolio companies, Germany ranks third among the countries in which the company has invested in the venture capital sector.
Benoist Grossmann, Managing Partner at Idinvest Partners, said: “The goal of our investment activity is to create an ecosystem that provides founders with optimal development conditions. We are therefore extremely pleased with the fundraising success of our team. This success underlines our extensive expertise in the digital sector and the trust placed in us by leading institutional investors and corporates in Europe and internationally.”
Matthieu Baret (photo), Managing Partner at Idinvest Partners, added: “The start-up scene in Europe is growing and developing steadily. This offers excellent investment opportunities, especially in the digital sector. For many years now, Idinvest Partners has been helping the most innovative and dynamic companies in the European technology sector achieve their goals with a long-term, partnership-based approach that we will continue to follow.”
About Idinvest Partners
Idinvest Partners is a leading European investment firm focused on the mid market. Currently, Idinvest Partners manages assets of around €8 billion with more than 90 employees and has offices in Paris, Frankfurt, Madrid, Shanghai and Seoul. The company has three business units: Venture & Growth Capital, Private Debt and Private Funds Group. The company was founded in 1997 as part of the Allianz Group and has been independent since 2010. In January 2018, Idinvest Partners became part of the Eurazeo Group. The merger created a leading global investment company with €17.7 billion in assets under management (including nearly €11.6 billion from investment partners) invested in a diversified portfolio of nearly 400 corporate holdings. www.idinvest.com