Exclusive: Amsterdam-based Newion, which holds investments in unicorns like Deliverect and Collibra, has kicked off a new fund to back up to 20 business software startups across the Benelux and DACH regions and the Nordics in the next five years.
Originally started back in 2000, Newion is not exactly a newcomer, but this new fourth fund is by far its largest to date. Its initial closing, which the firm says was oversubscribed, has come in at €130 million, more than 50% bigger than its previous fund.
With that kind of growth come new additions to the management team: Mathijs de Wit and John Sjölander will join Patrick Polak and Frank Claassen as Managing Partners.
Cornerstone investors in the new fund include the European Investment Fund, BNP Paribas, PMV, Reggeborgh and a number of unnamed family offices and high-net-worth individuals.