Kennet Raises €266 Million for Growth Equity Investments
London, UK-based growth equity firm Kennet has successfully raised an impressive €266 million for its latest investment fund, Kennet VI. This substantial capital is intended to be deployed in an array of capital-efficient B2B SaaS companies located throughout Europe. The firm's strategy places a strong emphasis on identifying and investing in bootstrapped companies that generate annual revenues ranging from €3 million to €50 million. These are often founder-managed enterprises that have not previously been heavily financed by external investors, making them prime candidates for Kennet's growth equity model.
The deployment of funds from Kennet VI has already commenced, with notable investments in companies such as Screendragon, which operates in Ireland and the UK, as well as Fluid Topics, a firm based in France.
By focusing on this specific segment of the market, Kennet aims to leverage the unique strengths of these businesses, allowing them to scale more effectively and achieve significant growth without the burdens of excessive external capital or investment dilution. This approach not only supports the firms they invest in but also aligns with Kennet’s investment philosophy of backing visionary founders who are committed to their companies’ long-term success.
Recent successful exits from Kennet's portfolio illustrate the firm's rigorous investment strategy and its effectiveness in generating substantial returns. Noteworthy examples of these exits include Nuxeo, which achieved a 5x return, Dext with a 3.8x return, CrossBorder Solutions at 6.4x, Rimilia generating 2.5x, and Impartner with a return of 2.6x. The firm’s commitment to nurturing and supporting its portfolio companies has evidently paid off, making it a significant player in the venture capital landscape. For those interested in learning more about such investments and the broader tech venture capital sector, additional insights can be found on VCWire.tech, a dedicated platform for industry news and updates.
They've invested in Kennet
Get to know these Fintech investors
Click here for a full list of 7,526+ startup investors in the UK