Smartfin, a renowned growth equity investor, has launched a new fund, Smartfin Capital III, with a whopping 250 million euros to fuel the growth of B2B technology companies across Europe.
The new fund is backed by a blend of private and institutional investors, including an initial contribution from the European Investment Fund (EIF). Smartfin’s founding partner, Jurgen Ingels, emphasized that the EIF’s involvement through the ESCALAR program marks an international seal of approval for the firm’s mission to support European innovators.
“We are committed to fostering innovation in Europe’s B2B tech ecosystem and empowering exceptional entrepreneurs to succeed,” Ingels stated.
First Investments: Gaming and Cloud Tech
Smartfin Capital III has already made its first two investments: CrazyGames, a global casual gaming platform, and Emma, a multi-cloud management platform designed for cloud infrastructure. These moves highlight Smartfin’s keen eye on scalable, innovative businesses in the tech space.
Supporting Europe’s Technological Future
The EIF’s role is integral to creating an “innovation ecosystem,” according to Marjut Falkstedt, CEO of EIF. She added that investing in scale-ups is crucial for ensuring Europe’s future economic growth and competitiveness in the global tech arena.
European tech investments are on the rise after a period of stagnation. As reported earlier in June, venture capital investments are making a strong comeback, with funds like Balderton Capital raising significant amounts to empower tech startups. The European Union has also ramped up efforts to promote technological innovation by creating strategic partnerships with venture capital firms.
The growing interest in Europe’s tech sector underscores a promising future for innovation-driven businesses. As the European tech era continues to evolve, investments like Smartfin’s are crucial for nurturing the next wave of global leaders in B2B technology.
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