3TS Capital Partners, a European technology-focused growth capital investor, announces the first closing of its Fund IV with a target size of EUR 150 million. The firm’s prior multi-generation funds totaling over EUR 300 million have made a strong, positive impact on the innovation and technology ecosystem development across Europe, by investing in over 50 companies out of which more than half have been successfully exited.
Fund IV commitments have come from a broad group of premier institutional investors including European Investment Fund (EIF), Erste Group Bank AG, Tesi (Finnish Industry Investment Ltd.), as well as several family offices and technology entrepreneurs.
The new fund will continue 3TS’ mission of backing rapidly growing technology companies, across software, tech-enabled services, and e-commerce sectors, by leading investment rounds of EUR 5-20 million. As with the company’s previous funds, Fund IV will invest mainly in Central European and Eastern European companies, but Finland will also play a significant role in the fund’s investment strategy.
“We have tracked 3TS for many years and were impressed with the firm’s unique positioning in the market. 3TS has a vast understanding and extensive experience of the Central European and Eastern European venture capital and growth investment market. We believe that introducing this know-how to Finnish market will open up new business opportunities and diversify the selection of financing opportunities available to Finnish growth companies,” comments Petteri Laakso, Investment Director at Tesi.
Press release by 3TS Capital Partners
Petteri Laakso, Investment Director, Tesi
+358 50 463 9313
Tesi (Finnish Industry Investment Ltd) is a state-owned investment company that wants to raise Finland to the front ranks of transformative economic growth by investing in funds and directly in companies. We invest profitably and responsibly, hand-in-hand with co-investors, to create the world’s new success stories. Our investments under management total 1.9 billion euros. www.tesi.fi | @TesiFII