Idinvest Digital Fund III raises 350 mln euros

Idinvest Partners said Oct. 17 that its third fund closed on 350 million euros ($389.2 million). The target of Idinvest Digital Fund III was 300 million euros.




London, 17th October 2019

  • Volume of predecessor fund exceeded by more than 100% percent
  • Nearly one quarter of the capital already committed to 15 investments


Idinvest Partners, a leading investor in SMEs across Europe, has announced the final closing of its third digital fund at €350m, having surpassed its initial fundraising target of €300m.

The fund, managed by a team of nine investors, has attracted many new LPs from Europe, Asia, the Middle East and North America. It has also been highly successful among investors who, following their participation in the previous fund, extended their commitment.

The final close of the Idinvest Digital Fund III has surpassed that of its predecessor, the Idinvest Digital Fund II, which secured €154 million.

Benoist Grossmann, Managing Partner at Idinvest Partners, said: “At Idinvest, we continue to place long-term importance on cultivating a dedicated ecosystem for entrepreneurs, therefore we are extremely pleased with the fundraising efforts of the team. The close demonstrates our expertise across the digital sector and shows the confidence that our institutional and corporate investors, leaders in Europe and internationally, have in our activities.”

To date, €85m has already been invested across 15 innovative European businesses, all experiencing rapid growth in the digital sector. Among these are Acinq, Kactus, October, Malt Community, Ornikar, Meero and TeleClinic, companies at the forefront of innovation across various areas of the digital sector: business software, fintech, insurtech, deeptech (AI, big data, VR, IoT, cyber security) and digital health.

Matthieu Baret, Managing Partner at Idinvest Partners, added: “Europe’s pool of entrepreneurs is constantly growing and evolving, and the third digital fund offers excellent investment opportunities, particularly in the digital sector. For many years, Idinvest Partners has supported some of the most exciting and dynamic European technology businesses achieve their ambitions, by offering a collaborative approach available for the long-term, something we will continue to do moving forward.”


Idinvest Partners is a leading European mid-market private equity firm. With €8bn under management, the firm has developed several areas of expertise including innovative startup venture capital transactions; mid-market private debt, i.e. single-tranche, senior and subordinated debt; primary and secondary investment and private equity advisory services. Founded in 1997, Idinvest Partners used to belong to the Allianz Group until 2010, when it branched out as an independent firm. In January 2018, Idinvest Partners became a subsidiary of Eurazeo, a leading global investment company, with a diversified portfolio of €17.7bn in assets under management, including nearly €11.6bn from investment partners, invested in nearly 400 companies.