Luxembourg-based Cipio Partners has launched its € 202 million (£ 170.4 million) Fund VIII to invest in European and British new technology companies.
Fund VIII’s capital comes from institutional and family office investors in Europe and the United States. Institutional investors include government investors, banks and insurance companies.
Most of the investment comes from investors in Fund VII of Cipio Partners of € 174 million (£ 146 million).
Fund VII was used to invest in 16 technology businesses, including Brightpearl, Openet and Falcon.
“We are very proud to have reached the target size of the fund and are thrilled with the support we have received from all our loyal returning investors as well as new investors,” said Diana Mayel, Managing Partner, Cipio Partners.
According to Details of the trading floorCipio Partners previously invested in six technology startups in the UK, including picoChip, Onzo and Zappi.
Cipio Partners has already made two investments with the fund in the Austrian manufacturer of smart homes Nuki and Navvis in Munich.
Founded in 2003, Cipio Partners typically makes initial investments of € 5- € 15 million in businesses with revenues of € 10-50 million. It has offices in Luxembourg and Munich.
“Given the current market uncertainty, the closure of CPF VIII comes at an ideal time and leaves Cipio well-positioned and well-capitalized to take advantage of market opportunities to invest in growing European technology companies,” said Roland Denert, Managing Partner. Cipio Partners.
Fund VIII follows the launch of Plug and Play in the UK last month by the Silicon Valley-based investor, in partnership with Jaguar Land Rover and BT Group.