Brussels-based venture capital firm Smartfin has closed its third growth fund at €250 million, dedicated to supporting B2B tech startups across Europe. With this closing, Smartfin's total investment commitments now exceed €600 million, as Vestbee was informed.
- Founded in 2014 by Bart Luyten, Jürgen Ingels, Mark Ziering, Philippe Mauchard, Thomas Depuydt, and Wim De Waele, Smartfin is a venture capital firm focused on investing in seed to early-stage companies in the software, analytics, and information technology sectors.
- To date, the firm has backed 25 startups and achieved 7 exits, including THEO Technologies, Newtec, and Locatee.
- Dubbed Smartfin Capital III aims to invest in growth-stage B2B technology companies across Europe, focusing on supporting businesses that scale and deliver sustainable value.
- The new fund has already made its first two investments, including:
- CrazyGames, a Belgium-based company specializing in tools and platforms for optimizing and publishing browser-based games.
- Emma, a Luxembourg-based firm offering an AI-driven platform for creating, managing, and optimizing cloud infrastructure across hybrid and multi-cloud environments.
“This successful fundraise reflects the strength of our team and the confidence our investors place in us. We are excited to continue building on our strong track record and scaling the next generation of tech leaders," Explains Jürgen Ingels, Founding Partner of Smartfin.
- The new fund received backing from existing private and institutional investors, along with new investors. Notably, the European Investment Fund (EIF) joined for the first time through its ESCALAR program, designed to address the financing gap for high-growth European companies.
"Investing in scale-ups and technology is about empowering the next generation of leaders who will drive Europe’s economic growth and global competitiveness. With Smartfin we want to support an innovation ecosystem where European technology companies and entrepreneurship can thrive," EIF Chief Executive, Marjut Falkstedt, commented in a press release.
