Idinvest, a European mid-market private equity firm, closed Idinvest Digital Fund III, at €350M.
The fund, managed by a team of nine investors led by Benoist Grossmann, Managing Partner, and Matthieu Baret, Managing Partner, has received support from many new LPs from Europe, Asia, the Middle East and North America, as well as from existing investors who, following their participation in the previous fund, extended their commitment.
To date, €85m has already been invested across 15 innovative European businesses, all experiencing rapid growth in the digital sector. Among these are Acinq, Kactus, October, Malt Community, Ornikar, Meero and TeleClinic, companies at the forefront of innovation across various areas of the digital sector: business software, fintech, insurtech, deeptech (AI, big data, VR, IoT, cyber security) and digital health.
With €8bn under management, Idinvest Partners has developed several areas of expertise including innovative startup venture capital transactions; mid-market private debt, i.e. single-tranche, senior and subordinated debt; primary and secondary investment and private equity advisory services.
Founded in 1997, Idinvest used to belong to the Allianz Group until 2010, when it branched out as an independent firm.
In January 2018, the firm became a subsidiary of Eurazeo, a global investment company, with a diversified portfolio of €17.7bn in assets under management, including nearly €11.6bn from investment partners, invested in nearly 400 companies.