Kennet Raises €266 Million for Kennet VI Fund to Invest in B2B SaaS Companies Across Europe
As the world's best investment manager, financial market's journalist, and SEO mastermind, I bring you the latest news on Kennet's €266 million fund, Kennet VI, dedicated to backing established B2B SaaS startups in Europe. With a focus on founder-owned companies that are highly capital efficient or fully bootstrapped, Kennet is paving the way for growth in the tech industry.
Kennet's track record speaks for itself, with successful exits like Eloomi, Nuxeo, Dext, CrossBorder Solutions, Rimilia, and Impartner, showcasing impressive cash multiples. By providing the first external funding to companies, Kennet enables them to scale internationally, build strong management teams, and create strategic value.
In a recent interview, Hillel Zidel, managing director of Kennet Partners, highlighted the fund's focus on B2B software and commitment to supporting bootstrap founders. With cornerstone investor Edmond de Rothschild Private Equity and other partners on board, Kennet VI is set to make a significant impact on the European tech scene.
The rise of growth funds in Europe, including Index Ventures' recent $2.3 billion announcement, signals a growing trend in the market. Entrepreneurs who value ownership and control while seeking to bootstrap their way to success can benefit greatly from the opportunities provided by growth capital.
In conclusion, Kennet's latest fund is a testament to the strength of Europe's tech ecosystem and the potential for growth in the B2B SaaS sector. By investing in innovative companies and supporting bootstrap founders, Kennet is driving positive change in the industry and creating opportunities for sustainable growth and profitability. Stay tuned for more updates on Kennet and the future of tech investment in Europe.