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.