3TS Capital Partners, a European technology-focused growth capital investor, has announced the first closing of its Fund IV with a target size of €150M.
Fund IV received commitments from a broad group of premier institutional investors including the European Investment Fund (EIF), Erste Group, Tesi (Finnish Industry Investment), and several family offices and technology entrepreneurs.
EIF Chief Executive Alain Godard says, “We are pleased to be supporting this new 3TS Fund IV which will help tech companies across Europe to grow and innovate. 3TS is an established technology growth-stage VC firm in Central Europe and Eastern Europe and will contribute to technological and industrial innovation capital in the region. This new financing opportunity will provide an alternative funding source for companies as they face the economic consequences of the global pandemic.”
3TS Capital Partners: Fund utilisation
With Fund IV, 3TS will continue to back rapidly growing technology companies across software, tech-enabled services, and e-commerce sectors, by leading investment rounds of €5-20M.
“We are very glad and thankful for the strong backing from existing and new investors in our Fund IV. Digital disruption and the ever-increasing use of technology in all aspects of business and private life keep offering tremendous opportunities for innovative companies, especially in unprecedented times like the past 18 months. We look forward to supporting a new set of entrepreneurs building local leaders, regional champions, and global challengers,” ka Mäki, Managing Partner of 3TS says.
Invests across Engineering Europe
3TS Capital Partners invests primarily across Engineering Europe, a region with long-standing, world-class technical strengths and increasing levels of experienced management.
The European fund named Engineering Europe “consists of Central Europe with a focus on DACH, Eastern Europe and Northeast Europe, i.e. the Baltic States and Finland. There is a large number of talented engineers and a relatively large number of technological innovations in this region,” says Mäki in an interview with Trending Topics.
3TS Capital Partners provides expansion capital for businesses in growth sectors including technology & internet, media & communications, and technology-enabled services.
“We mainly invest in B2B software for both SMEs and companies, but also in various other ICT solutions and companies that work in digital transformation with marketplaces or in e-commerce,” adds Mäki.
So far, 3TS Capital Partners has been instrumental in supporting companies such as Piano, Entelo, SalesManago, HomeCare.com, PerfectGym, EyeRim, and Safesize. According to 3TS, the current portfolio of companies has grown revenues by 250 per cent on average.
Notable exits of past 3TS portfolio companies include LogMeIn, H88, Systinet, Avangate, SolveDirect, and most recently Tresorit, which was acquired by Swiss Post in July 2021.
In total, 3TS Capital Partners has so far set up more than €400M in its funds from investors, including EIF, Erste Group, Tesi, Cisco, OTP, EBRD, AWS, Sitra, KfW, and 3i, among others.
