Brussels-based progress fairness investor Smartfin has efficiently closed its third progress fund, reaching its €250 million goal, highlighting its position as a participant in Europe’s B2B know-how ecosystem.
This marks the agency’s fifth fund since its founding in 2014, bringing its complete funding commitments to over €600 million.
For the primary time, the European Funding Fund (EIF) participated in a Smartfin fund via its ESCALAR programme, designed to deal with financing gaps confronted by high-growth European corporations.
“This profitable fundraise displays the power of our workforce and the boldness our buyers place in us.” mentioned Jürgen Ingels, Founding Accomplice of Smartfin. “The partnership with EIF, via the ESCALAR programme, is a world high quality stamp that reaffirms our dedication to backing distinctive entrepreneurs and fostering innovation in Europe’s B2B know-how ecosystem. We’re excited to proceed constructing on our robust observe file and scaling the subsequent technology of tech leaders.”
Smartfin was based in 2014, with a portfolio that exemplifies its potential to determine and nurture high-growth corporations throughout various sectors.
The brand new fund, Smartfin Capital III, focuses on growth-stage B2B know-how corporations throughout Europe. It builds on the agency’s observe file of backing progressive startups, with a portfolio together with corporations reminiscent of Deliverect, Brilliant Analytics, Recharge, and Zivver.
Current investments made with the brand new fund embrace CrazyGames, a worldwide browser-based informal gaming platform, and Emma, a multi-cloud administration platform optimising cloud infrastructure. Learn the EU-Startup protection right here.
The inaugural participation of the EIF in Smartfin Capital III via its ESCALAR program represents a major endorsement of Smartfin’s funding philosophy and efficiency.
ESCALAR, established by EIF to supply progress financing to high-potential funds and firms, will allow Smartfin to develop its affect and assist extra promising ventures throughout Europe, whereas on the similar time offering a stepstone in additional institutionalising its operations.
“Investing in scale-ups and know-how is not only about fostering innovation; it’s about empowering the subsequent technology of leaders who will drive Europe’s financial progress and world competitiveness. With Smartfin we wish to assist an innovation ecosystem the place European know-how corporations and entrepreneurship can thrive,” commented Marjut Falkstedt, EIF Chief Govt.
Notable lively and previous investments throughout its funds embrace Deliverect, a supplier of meals supply integration software program; Brilliant Analytics, a consolidated administration reporting platform; Recharge, a worldwide one-stop-shop branded funds platform; Hex-Rays, a specialist in reverse engineering software program; Zivver, a safe communications platform for e-mail, video and file sharing; Silverfin, a cloud-based platform remodeling accounting workflows acquired by Visma; Theo Applied sciences, a worldwide chief in video streaming know-how acquired by Dolby; Newtec, a pioneer in satellite tv for pc communications acquired by ST Engineering; and UnifiedPost, a publicly listed fintech firm furthering invoicing and funds for SMEs.