After Madrid-based Seaya unveiled €300-million fund to focus on sustainability startups, Switzerland's Una Terra said it is on its way to achieve the closing of its €50 million fund in June and Munich's Cipio Partners wrapped up €202 million fund last week, this week is off to a good start too.
To back European tech scaleups, German-Dutch growth capital firm Endeit Capital has wrapped up its third fund with €303 million. Dubbed as Endeit Fund III, the fund is aimed to support European internet companies whose products and services have the potential to accelerate the digital transformation of European society and economy to boost Europe’s digital maturity.
Focussed on the ICT sector, Endeit Capital had launched the fund last year with €250 million. The fund has made four major investments in Germany (Parcellab, Sharpist), Sweden (Stravito), and the Netherlands (Amberscript).
The investor in currently active across seven European countries. Adding an extra €50 million, the fund has now roped in KFW Capital as an investor.
Talking about the additional capital raised for the fund, Hubert Deitmers, founder and managing partner, Endeit Capital said: “To meet the continuous investor demand, we re-opened our Fund III, closing now at a symbolic number of €303 million. Both entrepreneurs and institutional investors are fully committed to our strategy and our way of working. We welcomed Germany’s leading institutional investor KFW Capital as investor, representing an ideal anchor investor within the German market.”
In addition to its offices across Germany and the Netherlands, the firm recently opened an office in Stockholm to affirm its commitment to the Nordic region.