Luxembourg-headquartered Cipio Partners has launched its €202m (£170.4m) fund VIII to invest in European and UK growth-stage technology statups.
Fund VIII’s capital came from institutional and family office investors in Europe and the US. Institutional investors included sovereign investors, banks and insurance businesses.
Most of the investment came from investors in Cipio Partners’ €174m (£146m) fund VII.
Fund VII was used to invest into 16 tech businesses, including Brightpearl, Openet and Falcon.
“We are very proud to have reached our target fund size and are thrilled with the support we received from all our loyal returning investors as well as new investors,” said Diana Meyel, managing partner, Cipio Partners.
According to Dealroom data, Cipio Partners has previously invested in six UK tech startups including picoChip, Onzo and Zappi.
Cipio Partners has already made two investments with the fund into Austrian smart-home maker Nuki and Munich reality capture Navvis.
Founded in 2003, Cipio Partners typically makes initial investments from €5-€15m in businesses that have a revenue of €10-50m. It has offices in Luxembourg and Munich.
“Considering current market uncertainties, the closing of CPF VIII comes at a perfect time and leaves Cipio well positioned and well capitalized to take advantage of the market opportunities for investments into European growth-stage technology companies,” said Roland Dennert, managing partner, Cipio Partners.
Fund VIII follows Silicon Valley-headquartered investor Plug and Play’s UK launch last month, partnering with Jaguar Land Rover and BT Group.
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