Cipio Partners launches 202-million-euro fund

The capital will primarily benefit technology companies in the growth phase.

Cipio Partners has closed its eighth fund in the amount of 202 million euros. Family offices and institutional investors, including banks and insurance companies, provided the capital for the new fund, named "CPF VIII". Cipio Partners intends to use the capital primarily to support European technology companies in their growth phase.

"Considering the current market uncertainties, the closing of CPF VIII comes at the perfect time. Cipio is well positioned and funded to capitalize on market opportunities to invest in growth-stage European technology companies," said Diana Meyel, Managing Partner at Cipio Partners. With the new fund, the investment firm has already invested in two start-ups: the Austrian smart home developer Nuki and the Munich-based start-up Navvis, which creates digital twins of buildings and rooms.

The predecessor fund "Cipio Partners Fund VII" from 2017 contained 174 million euros. 16 start-ups from Germany, France, Scandinavia, the UK, Ireland and Spain received funding. Since then, there have been several exits among the companies supported: The Sage Group bought the system developer Brightpearl, Openet went to Amdocs and Cision acquired Falcon. Almost all investors from the predecessor fund have also invested in the new fund.