IDINVEST Digital Fund III: First Closing at 180 Million Euro
Paris/Frankfurt — Idinvest Partners, the European investment firm specializing in the SME segment, today announced the successful first closing of its third fund focused on the digital economy, Idinvest Digital Fund III, at €180 million. This underscores the company’s long-term interest in building a dedicated ecosystem for European entrepreneurs and nurturing the next generation of entrepreneurial talent.
With this volume, Idinvest Digital Fund III has exceeded the first close of its predecessor Idinvest Digital Fund II, which was 154 million euros. Idinvest Digital Fund III has a target volume of €300 million and is supported by numerous existing and new investors from Europe.
Managed by a team of nine investment professionals, the fund invests in European companies with high growth potential and serial founders in the following areas: Enterprise Software, Fintech and Insurtech, Deeptech (Artificial Intelligence, Big Data, Virtual Reality, IoT, Cybersecurity) and Healthtech. The team has already identified two companies in which the fund will invest.
The successful fundraising reflects Idinvest’s long-standing commitment to the European technology sector. Over the past decade, the team has invested in more than 130 B2B and B2C digital startups, including Talend, Social Point, and Zenly. Last year alone, the venture capital team invested 190 million euros in 21 companies and sold twelve investments with a volume of 260 million euros.
Benoist Grossmann, Managing Partner of Idinvest, emphasized: “Over the past 20 years, Idinvest Partners has continuously expanded its network to European start-ups thanks to its expertise and commitment. Thanks to our long-term approach and our consistent support of the European technology sector, Idinvest today has extensive access to all companies in the European digital economy and always works with the best minds.”
Matthieu Baret, Partner at Idinvest, added: “We are proud of the success of the first closing of Idinvest Digital Fund III, which was made possible by the support of Europe’s leading institutional investors and technology companies. The exceptionally strong interest in this fund underscores the tremendous growth potential of the digital economy and the attractive investment opportunities it continues to offer investors.”
About IDINVEST Partners
Idinvest Partners is a leading European investment firm focused on the mid market. The company was founded in 1997 as part of the Allianz Group under the name AGF Private Equity and has been independent since 2010. Currently, Idinvest Partners manages assets of nearly €9 billion with more than 90 employees and has offices in Paris, Frankfurt, Madrid, Shanghai and Dubai.