Eurazeo is pleased to announce having exceeded its initial fundraising target for its growth strategy dedicated to equity investments in leading European tech companies. Total funding raised is more than €1.6 billion, of which €320 million from the Eurazeo Group and €200 million from retail clients.
These successful transactions reflect the quality of Eurazeo’s team, the performance of its portfolio and the level of investor interest in its Growth strategy, currently one of the most active and best-known strategies of its kind in Europe.
The strategy was initiated in 2014 and aims to support leading tech companies in the fields of B2B SaaS, digital health, cybersecurity, infrastructure software, fintech and marketplaces.
It is proud to have greatly contributed to the rise of the French Tech, where Eurazeo supports 24 companies within the Next 40, including unicorns Backmarket, Contentsquare, Doctolib, ManoMano and Vestiaire Collective.
With the built out of an international team comprised of about 15 dedicated investment professionals spread across Berlin, London and Paris and the new funds raised from international investors, Eurazeo has accelerated its pursuit to back tech champions across Europe and beyond.
Its recent investments have been in companies such as Thought Machine (UK, leading core banking software), PPRO (UK/Germany, largest infrastructure provider for cross-border alternative payment methods), MessageBird (Netherlands, leading omnichannel communications platform), Neo4J (US originated in Sweden, pioneer of graph database technology) and Tink (Sweden, European open banking leader).
Yann du Rusquec, Partner Growth, said: “We are delighted by the trust that our investors have shown in us. With their support, we will pursue and step up our strategy of supporting European tech champions. We will bring to these companies the expertise and energy of Eurazeo’s dedicated team and the strength of our international network.”
Benoist Grossmann, Managing Partner, Venture and Growth, CEO of Eurazeo Investment Manager added: “Strong investor demand is an acknowledgement of Eurazeo’s expertise in the tech sector. Over the last 20 years, Eurazeo has developed one of the best track records in Europe and now manages some of Europe’s largest Venture and Growth funds. We are very happy to be working alongside such talented entrepreneurs.”
Eurazeo is a leading global investment group, with a diversified portfolio of €22.7 billion in assets under management, including €16 billion from third parties, invested across 450 companies. With its considerable private equity, private debt, real estate and infrastructure expertise, Eurazeo accompanies companies of all sizes, supporting their development through the commitment of its nearly 300 professionals and offering in-depth sector expertise, a gateway to global markets, and a responsible and stable foothold for transformational growth. Its solid institutional and family shareholder base, robust financial structure free of structural debt, and flexible investment horizon enable Eurazeo to support its companies over the long term. Eurazeo Growth III is managed by Eurazeo Investment Manager. Eurazeo has offices in Paris, New York, Sao Paulo, Seoul, Shanghai, Singapore, London, Luxembourg, Frankfurt, Berlin and Madrid.