Antwerp/Amsterdam’s Fortino Capital has closed its second venture capital fund at €105 million. The firm reports that the new fund, aptly titled Fortino Capital Venture II, is slated to be used to, “establish long term partnerships with passionate entrepreneurs who are building their business with the ambition and potential to become a winner in the market they operate in.” The fund will focus on Benelux, French, and German late seed to Series A investments, with ticket sizes ranging from €1 million to €3 million.
“We are living through exciting times. As a reference B2B Saas investor, we would like to, more than ever, invest in digital platforms and contribute to society. Our third Fortino, and our second VC, fund provides us with the critical mass and fire power we need to continue investing in B2B software. Companies in this space are the main engine driving a digital and sustainable economy,” comments managing partner Duco Sickinghe.
Alongside its existing private investors based, a number of institutional investors including EIF have signed on as cornerstone investors in the few fund.
Fortino has also announced its expansion into The Netherlands with investors Marcel van der Heijden (former partner at Speedinvest) and Wouter Goossens (former Investment Director at ING Ventures) joining the team.
“I am excited to have joined Fortino, to strengthen its Amsterdam team, and to hit the ground running working with the Kaizo team as a first investment. Fortino has a unique combination of deep Venture and Growth experience that can support founders very well along their journey. Rooted in the Benelux, the view of the fund and team is very clearly Pan-European,” comments van der Heijden