Endeit Capital has closed its third and largest fund to date at €250 million, with the pledge to support European scale-ups that develop products and services aimed at accelerating the digital transformation of the European society and economy.
Active since 2006, Endeit Capital has invested over €250 million in 35 companies via its first two funds, specifically in the Benelux, DACH, and Nordic regions. With a fresh bread basket, Endeit aims to take on the historically low state of late-stage capital coming out of Europe.
“The next generation of European internet companies will be accelerated by core technologies, like machine learning, AI, and quantum computing. These are the technologies that will fundamentally change the world. We are deeply convinced that we need to develop this knowledge within Europe and want to help ensure that European companies developing these technologies find the right environment in their home markets, rather than outside of Europe,” comments Endeit Capital founder and managing partner Hubert Deitmers.
Endeit Capital III is comprised of investments from entrepreneurs, family offices, institutional investors as well as partners of Endeit themselves.
“It’s rewarding to see that ten entrepreneurs that Endeit had previously invested in are now investors themselves in this third fund,” adds Deitmers.
If Endeit Capital is ringing any recent bells, you might remember we covered the announcement of portfolio company Bux’s raise of €67 million last week.
“Every single aspect of Endeit Capital is focused on helping entrepreneurs who shape the internet future to move forward quickly,” comments Endeit co-owner Martijn Hamann. “We are looking for entrepreneurs with a strong product and unwavering drive to build market-leading positions with us. With entrepreneurial roots in digital media, internationalization, and M&A, Endeit has always powered sustainable growth and lifted people out of complex business positions.”