Brussels-based Smartfin, a venture and growth capital investor, on Thursday, announced that it has closed its third growth fund — Smartfin Capital III at €250M, bringing the total investment commitments to over €600M.
This fund marks an important milestone for the firm, featuring initial participation from the European Investment Fund (EIF) through its ESCALAR program.
ESCALAR, established by EIF to provide growth financing to high-potential funds and companies, will enable Smartfin to expand its impact and support more promising ventures across Europe, while at the same time providing a stepstone in further institutionalising its operations.
“Investing in scale-ups and technology is not just about fostering innovation; it’s about empowering the next generation of leaders who will drive Europe’s economic growth and global competitiveness.
With Smartfin we want to support an innovation ecosystem where European technology companies and entrepreneurship can thrive,” comments Marjut Falkstedt, EIF Chief Executive.
Smartfin Capital III
Smartfin Capital III will focus on growth-stage B2B technology companies across Europe,
The Belgian firm has already made its first two investments with the new fund:
- CrazyGames – a global browser-based casual gaming platform
- Emma – a multi-cloud management platform designed to streamline and optimise cloud infrastructure.
Smartfin Capital III is the firm’s fifth fund, building on the success of its two early-stage funds (Smartfin Ventures I & II) And two prior growth funds (Smartfin Capital I & II).
In the past decade, Smartfin has established itself as a key player in the European tech ecosystem, with a portfolio of innovative companies that span multiple sectors.
Notable active and past investments across its funds include Deliverect, Bright Analytics, Recharge, Hex-Rays, Zivver, Silverfin, Theo Technologies, Newtec, and UnifiedPost.
A brief about Smartfin
Smartfin is a European venture and growth capital investor, managing over €600M in investment commitments and investing in early and growth-stage B2B technology companies.
Smartfin has an open-ended investment philosophy and invests throughout Europe. Smartfin’s team combines successful venture capital and private equity investment track record with extensive operational experience in setting up, building, and managing leading international technology companies.
“This successful fundraiser reflects the strength of our team and the confidence our investors place in us,” says Jürgen Ingels, Founding Partner of Smartfin.
“The partnership with EIF, through the ESCALAR program, is an international quality stamp that reaffirms our commitment to backing exceptional entrepreneurs and fostering innovation in Europe’s B2B technology ecosystem. We are excited to continue building on our strong track record and scaling the next generation of tech leaders,” adds Ingels.
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