Leuven-based independent manager of venture capital and equity funds, Capricorn Partners has closed Capricorn Digital Growth Fund at €84.5 million. The fund will typically invest in opportunities emerging from turning data into actionable insights using AI, Digital Twin, IoT and data science technologies.
It will focus on startups working in the arena of digital health and business 4.0 in Europe with special attention to its home market, Benelux. The fund is looking at early-stage companies ready to scale as well as more mature companies with higher revenues or more extensively developed products or customer base.
Until now, four investments have been made out of the fund. Indigo Diabetes (Ghent) and DEO (Genk) are active on the digital health side while EclecticIQ (Amsterdam) and Gradyent (Rotterdam) are in the business 4.0 area.
Existing investor Quest for Growth committed an additional €5 million to the fund in the final closing. Other strategic investors include AG Insurance, PMV, SFPI-FPIM and Aconterra Fund.
Would you like to write the first comment?
Login to post comments