Luxembourg – based Cipio Partners has launched its € 202m (£ 170.4m) VIII fund to invest in European and UK growth technology stats.
Fund VIII capital came from institutional investors and family offices in Europe and the US. Institutional investors included sovereign investors, banks and insurance firms.
The majority of the investment came from investors in Cipio Partners VII’s € 174m (£ 146m) fund.
Fund VII was used to invest in 16 technology firms, including Brightpearl, Openet and Falcon.
“We are very proud to have reached our fund size target and are very pleased with the support we have received from our returning loyal investors as well as new investors,” said Diana Meyel, managing partner, Cipio Partners.
According to Dealroom DetailsCipio Partners has previously invested in six technology start-ups in the UK including picoChip, Onzo and Zappi.
Cipio Partners has already made two investments with the fund in Austrian smart home maker Nuki and in Munich for the capture of Navvis reality.
Founded in 2003, Cipio Partners typically makes initial investments ranging from € 5- € 15m in firms with revenues of € 10-50m. It has offices in Luxembourg and Munich.
“Given current market uncertainties, CPF VIII comes to an end at a perfect time and leaves Cipio well-positioned and capitalized to take advantage of market opportunities for investments in European technology companies. at a growth stage, ”said Roland Dennert, managing partner, Cipio. Partners.
Fund VIII continues with Plug and Play Silicon Valley investor SAY launched last month, in partnership with Jaguar Land Rover and BT Group.
Cipio Partners launches £ 170m fund for growth technology start-ups
Source link Cipio Partners launches £ 170m fund for growth technology start-ups