The B2B software investor closes its largest fund to date at 377 million euros.
Fortino Capital, a European investment company focused on high-growth B2B software solutions, announces the final closing of its fourth investment fund. Fortino Capital PE II is a 377 million euro fund that focuses on ambitious B2B software companies across Europe.
To date, Fortino Capital has raised a total of more than 800 million euro across four funds. It closed its first VC fund in 2016 with 80 million, followed by PE I with 242 million in 2017 and VC II with 105 million in 2021. The investment company has invested in 53 companies over the past ten years and has achieved 22 exits.
Fortino Capital's new PE II fund has made four investments in software companies including Van Roey (BE), Speak Up (NL), Symbio (DE) and Addactis (FR/BE), and has already achieved one early exit: Symbio was recently acquired by the German software company Celonis.
This fund is looking for long-term partnerships with passionate entrepreneurs who have the ambition to scale their business faster. Within this fund, Fortino Capital will in most cases invest at least ten million euros in established companies and scale-ups with the following characteristics: B2B SaaS and PaaS applications with a minimum turnover of five million, that are profitable and with a European headquarters .
The SaaS market is very dynamic and offers many possibilities. There are several change and innovation factors at play. As specialists in this domain, the investment company is well equipped to assess valuations and provide operational support to accelerate the growth of these companies.
Fortino Capital wants to make a positive contribution by using its international network, C-level and entrepreneurial experience and by sharing best practices with its portfolio companies. Fortino Capital also has its own talent acquisition team to help its portfolio attract the right talent faster.
Duco Sickinghe, Executive Chairman of Fortino Capital: "On the occasion of our tenth anniversary, we are pleased to announce that we have successfully closed our second PE fund. We are grateful for the trust and support of so many loyal investors who are once again working with Fortino have joined forces and we warmly welcome our new Belgian, Dutch and German investors."
Renaat Berckmoes, CEO of Fortino Capital: “This fund will allow us to guide more founders and management teams in their quest for growth and building better companies. Our goal is to invest in at least fifteen B2B software platforms across Europe. We have a well-stocked pipeline and expect to announce several more investments early next year."
