The fund will continue to pursue the firm’s strategy of making majority investments in the B2B software sector in Europe, specifically targeting Austrian, German and Swiss firms. Fund II held a first close in July and began investing shortly thereafter.
Investors in the fund include “blue-chip investors, international family offices and entrepreneurs from Europe and the US,” the firm said in a press release.
AXON Partners served as placement agent for the fund. The law firm P+P Pöllath + Partners Rechtsanwälte Steuerberater helped with fund formation.