Tech scale-up investor Endeit Capital has announced the closing of its third investment fund. The Dutch-German investment firm raised 250 million euros, the largest of its three funds, with the goal of supporting European scale-ups in the development of products and services aimed at accelerating the digital transformation of Europe’s economy and digital maturity – especially versus the global tech superpowers like the US and China. With these funds, the company will be able to double the level of investment it has achieved with its first two funds, dating back to 2006.
“Alongside our trusted network of partners, we have a real contribution to make. As fundamental shifts in technology happen, a spirit of invention and purpose is required – we support those internet entrepreneurs who can drive the change to make Europe more competitive and who have the ambition to become global market leaders,” says Hubert Deitmers, founder and managing partner of Endeit Capital. “The next generation of European internet companies will be accelerated by core technologies, like machine learning, AI and quantum computing. These are the technologies that will fundamentally change the world. We’re deeply convinced that we need to develop this knowledge within Europe and want to help ensure that European companies developing these technologies find the right environment in their home markets, rather than outside of Europe.”