Cipio Partners launches 202-million-euro fund

The capital is primarily intended to benefit technology companies in the growth phase.

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

"Considering the current market uncertainties, the closing of CPF VIII comes at the perfect time. Cipio is well positioned and financially equipped to take advantage of market opportunities for growth-stage investments in European technology companies," said Diana Meyel, Managing Partner at Cipio Partners. With the new fund, the investment firm already invested in two startups: Austrian smart home developer Nuki and Munich-based startup Navvis, which creates digital twins of buildings and spaces.

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