Benelux VC Fortino Capital launches new €80 million fund for local software startups

Fortino Capital

Fortino Capital, a venture capital and growth equity firm based in Antwerp and Amsterdam, has announced a new VC fund, aiming to invest €80 million in tech startups from the Benelux region.

So far entrepreneurs, private investors, and institutional investors such as FPIM and PMV have committed €45 million to the fund, Fortino Capital Venture II. Initial ticket sizes will range from €500,000 to €5 million for minority stakes in software and technology companies, leaving plenty of room for follow-on investments.

The firm’s first VC fund, Forinto Capital I, also closed at €80 million and has so far seen a few exits: Melita, Trendminer, Zentrick and Piesync, which is now part of the American Hubspot. Eight other companies, including Teamleader, remain in the portfolio.

Fortino Capital Growth PE I, the firm’s second fund, dedicated €242 million to smaller companies that were poised for accelerated organic growth, such as MobileXpense (BE), Efficy CRM (BE) and Odin Groep (NL).

Photo: from Fortino Capital’s website

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