Dutch VC investor Newion launches €130 million fund for early-stage software startups

Dutch VC investor Newion launches €130 million fund for early-stage software startups

Published: 05-10-2022 14:54:56 | By: Bob Koigi | hits: 3352 | Tags:

Newion, a Dutch-based successful venture capital investor targeting early-stage business software companies in the Benelux, Nordics, and Germany has opened its fourth investment fund – Newion IV – with an initial closing of 130 million euros.

This is over 50% more than the previous fund, Newion III. The initial closing was oversubscribed. With the new fund, Mathijs de Wit and John Sjölander will join Patrick Polak and Frank Claassen as Managing Partners, and the 13-strong team is being expanded further.

Newion has been active since 2000 and, thanks to its focus and no-nonsense mentality, is one of the best-presenting fund managers in its sector.

Between now and September 2027, Newion aims to invest in about twenty new early-stage B2B software startups to bring them to market leadership and fuel the Digital Transformation.

Patrick Polak, Co-founder and Managing Partner, Newion: “We are tremendously proud and honored that all existing LPs from previous funds join Newion IV. Our cornerstone investors such as BNP Paribas, PMV, family offices, HNWIs, and the European Investment Fund (EIF, promoting innovation and entrepreneurship in Europe) are joined by a large group of new LPs, such as Reggeborgh. We feel that our investment philosophy and strategy, combined with our experience and track record since 2000, are acknowledged – resulting in a speedy fundraising process supported by a large group of LPs.

The industry needs to become more and more digital, and we’ve been supporting software companies facilitating this transformation since our foundation. With the larger fund size, we can support our investees with more funding power, so I would like to invite ambitious B2B startups to get in touch. We expect to announce the first investments of the new fund shortly.”

www.newion.com