Idinvest Partners scales up, closes new fund at €350 million (more than doubling the previous one)

Idinvest Partners scales up, closes new fund at €350 million (more than doubling the previous one)

European investment firm Idinvest Partners, the private equity and VC firm that's part of Eurazeo, today announces the final close of its third 'digital fund' at €350 million.

According to the firm, which has backed the likes of Glovo, Peakon, Meero, Onfido, Secret Escapes, OnTruck, Klaxoon, WeFox, Heetch and Ÿnsect, that number means it surpassed its initial fundraising target of €300 million. Its predecessor, the Idinvest Digital Fund II, had secured €154 million.

The firm also said it has "attracted many new LPs from Europe, Asia, the Middle East and North America" but didn't share names.

Idinvest says its new fund will be managed by a team of nine investors; they've been busy already, deploying €85 million of capital into 15 businesses across Europe, including Acinq, Kactus, October, Malt Community, Ornikar and TeleClinic.

Matthieu Baret, Managing Partner at Idinvest Partners, said: "Europe’s pool of entrepreneurs is constantly growing and evolving, and the third digital fund offers excellent investment opportunities, particularly in the digital sector. For many years, Idinvest Partners has supported some of the most exciting and dynamic European technology businesses achieve their ambitions, by offering a collaborative approach available for the long-term, something we will continue to do moving forward."

Also read:

Pan-European Project A launches new €180 million VC fund to back early-stage startups

German VC firm raises €355 million fund to continue investing in early-stage startups in the US and Europe

Cambridge-based VC firm IQ Capital raises $300 million to double down on deep tech investments

European VC firm Adara Ventures announces €65 million+ first closing of new deep tech-focused fund

Q&A with Remagine Ventures, a fresh VC firm that raised $35 million to invest in ‘new entertainment’ tech

Follow the developments in the technology world. What would you like us to deliver to you?
Your subscription registration has been successfully created.