Amsterdam and Hamburg-based Endeit Capital, a growth capital firm fueling internationalisation and innovation, announced on Monday the final closing of its third fund, Endeit Fund III, at €303M to support European tech scale-ups.
As demand from investors exceeded the original hard cap of Endeit Fund III, the firm raised an additional €50M to meet growing investor demand.
The biggest share of the €50M has been provided by German investors. Historically, Endeit Capital funds have been financed by more than 75 entrepreneurs, with Endeit Capital having funded 12 of them.
Hubert Deitmers, founder and managing partner of Endeit Capital, says, “To meet the continuous investor demand, we re-opened our Fund III, closing now at a symbolic number of €303M. We are pleased that both entrepreneurs and institutional investors are fully committed to our strategy and our way of working. We are delighted to welcome Germany’s leading institutional investor KFW Capital as investor, representing an ideal anchor investor within the German market.”
Boosting European internet scale-ups
Founded in 2006, the Dutch/German VC firm invests in internet, technology and artificial intelligence companies. With its three funds, the firm has already invested in over 40 companies, including Amberscript (NL), Gastrofix (GE), Hubs (NL), Leadfeeder (FI), Metrixlab (NL) and Unruly (UK). It supports scale-ups with capital between €5M and €25M.
Endeit Capital mentions in a statement that it has quickly grown to be the largest Dutch-German investor in the Information and Communications Technology (ICT) sector. The firm is one of the first internet scale-up investors in Europe and is currently active across seven European countries.
With its fund, Endeit Capital supports European internet companies whose products and services have the potential to accelerate the digital transformation of European society and economy, thereby contributing to boosting Europe’s digital maturity.
Endeit Capital says it got off to a flying start last year with its initial closing of the third fund and has already made four investments in Germany’s Parcellab and Sharpist, Sweden’s Stravito, and the Netherlands’ Amberscript.
The investment in Parcellab was part of a $112M funding round led by Insight Capital. The investment in Sharpist was part of a $23M funding round co-led by Endeit and Capnamic.
Hubert Deitmers says, “Germany is an important market for us: Endeit Capital is present in the DACH region for more than ten years and the whole team is doing an exceptional job! We have a strong investor base in Germany – the commitment of KFW Capital marks a major milestone on our journey towards fueling innovation and supporting entrepreneurship. We keep focusing on founders who can profit from our practical experience and network in scaling internationally.”
Currently, Endeit Capital has offices across Germany and the Netherlands, and the firm recently opened an office in Stockholm, Sweden, confirming its commitment to the Nordic region. Investments of Endeit Capital in the Nordics include Stravito, a Stockholm-based knowledge management platform for enterprises, and Leadfeeder, a Helsinki based AI-powered B2B lead automation tool for enterprises.