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
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.