London-based One Peak closes third fund, One Peak Growth III, at $1B

London-based One Peak, a private equity firm focused on growth stage B2B software companies in Europe and Israel, announced on Tuesday that it has closed its third fund, One Peak Growth III, at $1B.

With  $2B in assets under management, One Peak now becomes the largest European fund dedicated to backing fast-growing B2B software companies in the $15M-$100M investment range.

Humbert de Liedekerke Beaufort, Co-founder and Managing Partner, says, “Growth equity is a significantly underrepresented asset class in Europe versus the US and China. There are many world-class founders in Europe who need capital and support to win globally, and One Peak fills that gap for the best B2B software companies. With Fund III, we’ll continue to partner with the most ambitious founders and support them with our sector expertise, global network, and value-creation platform to build enduring companies against the backdrop of today’s macroeconomic headwinds. $15–100m is our investment sweet spot, where we act as a catalyst to accelerate growth and help companies realize their full potential.”

The VC says that the funds for One Peak Growth III come from a diverse group of investors from the US and Europe, including blue chip university endowments, foundations, public pensions plans, insurance companies, asset managers, fund of funds, and family offices.

One Peak: What you need to know

Founded by David Klein and Humbert de Liedekerke Beaufort, One Peak is a growth equity investment firm that invests in technology companies in the scale-up phase. 

Besides growth capital, One Peak also provides operating expertise and access to an extensive network of entrepreneurs.

The VC identifies opportunities through PULSE, a proprietary sourcing and business intelligence software platform. 

The platform integrates with many data sources and identifies the most promising opportunities for new investments and bolt-on acquisitions for One Peak’s portfolio companies.

Over the past eight years, One Peak has built a concentrated portfolio of minority stakes in various software companies, including Cymulate, Deepki, DocPlanner, PandaDoc, Neo4j, and Spryker Systems. 

David Klein, Co-founder and Managing Partner, says, “We are ultimately in the business of investing in exceptional founders, and we work alongside them with the same passion and dedication as they do. Our value-add is significantly enhanced by our fully integrated Value Creation Team, particularly when hiring the best talent, accelerating top-line growth, driving global expansion, and improving product and technology capabilities. This is a key differentiator for our portfolio companies in building generational companies. Last but not least, we are grateful to our founders and LPs from around the globe for their continued trust.”

One Peak’s investments include Ardoq, Brightflag, Coople, Cymulate, DataGuard, Deepki, DocPlanner, Emnify, HighQ, Infermedica, Keepit, Lucca, Neo4j, Orgvue, PandaDoc, Paysend, Quentic, Spryker Systems, and more.