Idinvest Partners, a Paris, France-based investor in SMEs across Europe, held the first close of its third digital fund, at €180m.
The first close of Idinvest Digital Fund III has exceeded that of its predecessor, Idinvest Digital Fund II, which raised €154m. The new fund, which is targeting a final close of €300m, is backed by a number of existing and new European LPs.
Managed by a team of nine investors including Benoist Grossmann, Managing Partner, and Matthieu Baret, Partner, Idinvest Digital Fund III will finance European businesses with high growth potential in the following sectors:
– Enterprise Software,
– Fintech and Insurtech,
– Deeptech (artificial intelligence, big data, virtual reality, IoT, cybersecurity) and
– Healthtech.
Over the past 10 years, Idinvest has invested in over 130 B2B and B2C digital startups including Talend, Social Point and Zenly. In 2017, the vc team invested €190m in 21 companies and exited 12 businesses, generating €260m.
FinSMEs
09/04/2018