Fortino Capital closes 2nd Private Equity fund at €377M
Fortino Capital closes 2nd Private Equity fund at €377M
Antwerp/Amsterdam/Munich, December 8th, 2023 - Fortino Capital, a European B2B software venture capital and growth equity firm, announces the final closing of its 4th investment fund. Fortino Capital PE II is a €377 million fund dedicated to ambitious B2B software founders across Europe.
To date Fortino has raised across 4 funds, a total of over 800M Euros. It 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 10 years and has realized 22 exits.
Fortino Capital’s new PE II fund has made 4 investments in software companies including Van Roey (BE), Speak Up (NL), Symbio (DE) and Addactis (FR/BE) and has already realized one early exit. Symbio has recently been acquired by the German software company Celonis. This fund is looking to establish long term partnerships with passionate entrepreneurs who have the ambition to accelerate the scaling of their businesses. In this fund Fortino will typically deploy minimum €10M initial equity tickets in established companies and scale-ups with the following characteristics: B2B SaaS and PaaS applications with a minimum turnover of 5M, being profitable in the core, and headquartered in Europe.
The Software As A Service market is very dynamic, offering lots of opportunity. Multiple forces of change and innovation are at play. As specialists in the domain, Fortino is well equipped to underwrite valuations with insight and bring the operating support to accelerate growth.
Fortino Capital aims to make a positive contribution by leveraging its international network, C-level and entrepreneurial experience and by sharing best practices amongst its portfolio of B2B SaaS companies. It also grants access to its own talent acquisition resources that help its portfolio attract the right talent.
Duco Sickinghe, Executive Chairman of Fortino Capital: “We are pleased to announce at 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 and we are warmly welcoming our new Belgian, Dutch and German investors.”
Renaat Berckmoes, CEO of Fortino Capital: “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 announcing some further investments early next year.”
About Fortino Capital
Fortino Capital is a European investment company with a focus 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 (NE), SpeakUp (NE), Cenosco (NE), Maxxton (NE), 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 (NE), BuyBay (NE), D2X (NE), Peers (DE) and Kosli (NO) among others.