Idinvest Partners hits first close of its third digital fund: Idinvest Digital Fund III
Idinvest Partners, a leading investor in SMEs across Europe, has announced today the first close of its third digital fund at €180 million, as the firm continues to place long-term importance on cultivating a dedicated ecosystem for European entrepreneurs by supporting and growing the next generation of talent.
The first close of Idinvest Digital Fund III has exceeded that of its predecessor, Idinvest Digital Fund II, which raised €154 million, and the fund is targeting a final close of €300 million. Idinvest Digital Fund III is backed by a number of existing and new European LPs. The new fund, managed by a team of nine investors, will finance European businesses with high growth potential and support serial entrepreneurs in the following sectors: Enterprise Software, Fintech and Insurtech, Deeptech (artificial intelligence, big data, virtual reality, IoT, cybersecurity) and Healthtech.