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Idinvest Partners raises €180m to support European SMEs

Paris-based investment firm Idinvest Partners has secured €180m to invest in European tech businesses .

The firm hopes to use the money to back SMEs with high growth potential across Europe in the enterprise software, Fintech, InsurTech, DeepTech (artificial intelligence, big data, virtual reality, IoT, cybersecurity) and HealthTech sectors. 

Benoist Grossmann, managing partner of Idinvest, spoke about the fundraise: “Over the past 20 years, Idinvest Partners has grown its network of European entrepreneurs through its proven expertise and dedication to this segment of the market.

“Thanks to our long-term approach and wish to help back the European tech sector’s ambitions, Idinvest now has access to all companies within the European digital sector, working with the best and brightest entrepreneurs of today and tomorrow,” he added.

The team of nine investors has already identified two target companies in which they hope to invest.

The firm previously raised €250m for its Idinvest Digital Fund II, which was used to support UK tech startups. It hopes to raise a total of €300m at its final close for this fund.

Since its formation in 1997, Idinvest has financed more than 3,500 European businesses through its three business lines: Venture & Growth Capital, Private Debt and Private Funds Group. The companies they have invested in include: Talend, Social Point and Zenly

Matthieu Baret, partner at Idinvest, said: “We are delighted at the success of this first closing, which has at its foundations Europe’s leading institutional and corporate investors.

The unprecedented interest in this fund demonstrates both the huge growth potential of the digital sector and the attractive investment proposition it continues to offer our investors.”

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