Antwerp, Belgium-based Fortino Capital, a European B2B software venture capital and growth equity firm, on Friday, announced the final closing of its 4th investment fund — Fortino Capital PE II at €377M.
The fund is dedicated to supporting ambitious B2B software founders throughout Europe.
With this fund, Fortino will deploy a minimum €10M initial equity tickets in established companies and scaleups with the following characteristics: B2B SaaS and PaaS applications with a minimum turnover of 5M, being profitable in the core, and headquartered in Europe.
Renaat Berckmoes, CEO of Fortino Capital says, “This fund will allow us to accompany more founders and management teams on their quest for growth and building better companies. We are targeting investing in at least 15 B2B software platforms across Europe. We have a well-filled pipeline and expect to be able to announce some further investments early next year.”
To date, Fortino Capital has raised across four funds, a total of over €800M.
The Belgian VC closed its first VC fund in 2016 at €80M, followed by PE I at €242M in 2017 and VC II at €105M in 2021.
Fortino Capital has invested in 53 businesses in the past ten years and has realized 22 exits.
Fortino Capital invests in Amsterdam’s Speak Up
With the PE II fund, Fortino Capital has already made four investments in software companies, including Amsterdam-based Speak Up.
Founded by Rolf Thung in 2004, the Dutch startup provides a SaaS whistleblowing solution for employees and third parties to report anonymously. The company’s mission is to offer the tools that normalise speaking up to create healthier workplaces and expose misconduct. To date, the company has helped over 2000 organisations find new ways to approach difficult conversations.
Other startups include:
- Van Roey (BE)
- Symbio (DE)
- Addactis (FR/BE)
The VC has already realised one early exit. Additionally, Symbio has recently been acquired by the German software company Celonis.
Duco Sickinghe, Executive Chairman of Fortino Capital says, “We are pleased to announce on the occasion of our 10th anniversary, that we have successfully closed our second PE fund. We are grateful for the trust and support of so many loyal investors that have extended their commitment to Fortino. We are warmly welcoming our new Belgian, Dutch, and German investors.”
Fortino Capital: Focusing on B2B software solutions
Fortino Capital is a European investment company focusing on high-growth B2B software solutions managing two private equity growth funds and two venture capital funds.
With offices in Belgium, the Netherlands, and Germany, Fortino backs exceptional and ambitious entrepreneurs in Europe.
Fortino Capital’s private equity growth portfolio includes VanRoey (BE), BizzMine (BE), MobileXpense (BE), Efficy CRM (BE), Tenzinger (NL), SpeakUp (NL), Cenosco (NL), Maxxton (NL), Stardekk (BE) and Bonitasoft (FR).
Fortino’s Venture Capital portfolio includes Vaultspeed (BE), Vertuoza (BE), TechWolf (BE), Zaion (FR), Salonkee (LUX), Sides (DE), GetVisibility (IE), Billy Grace (NL), BuyBay (NL), D2X (NL), Peers (DE) and Kosli (NO) among others.
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