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Laxman Pai, Opalesque Asia: One Peak, an investor in growth stage B2B software companies in Europe and Israel, has closed the One Peak Growth III fund at its hard cap of $1 billion.
According to a media release from the London-based VC firm, One Peak Growth III was significantly oversubscribed, demonstrating strong LP demand.
"Building on the success of One Peak's first two funds, the closing of One Peak Growth III brings the firm's total assets under management to c. $2 billion," said the B2B software investor.
The size of the new fund makes One Peak, founded by David Klein and Humbert de Liedekerke Beaufort, the largest fund in Europe dedicated to backing fast-growing B2B software companies in the $15m-$100m investment range, the release claimed.
Humbert de Liedekerke Beaufort, Co-founder and Managing Partner, said: "Growth equity is a significantly underrepresented asset class in Europe versus the US and China. Many world class founders in Europe need capital and support to win at a global scale, and One Peak fills that gap for the best B2B software companies.
"With Fund III, we'll continue to partner with the most ambitious founders and support them with our sector expertise, global network, and value-creation platform to build enduring companies against the backdrop of today's macroeconomic headwinds. $15-100m is our investment sweet spot, where we act as a catalyst to accelerate growth and help companies realize their full potential," Humbert added....................... To view our full article Click here
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