Marondo has held a first close for Marondo Small-Cap Growth Fund I at €70 million. The firm’s debut fund has a target size of €175 million and will pursue investments in small-cap, high-growth technology companies based primarily in Germany, as well as German-speaking Europe. Sectors of interest include medical and health technologies, environmental technologies, new materials, software and IT.
The fund’s investor base consists of family offices and public institutions.
Capstone Partners acted as the placement agent.