Observed Signal · Jul 29, 2024 · Funding · Source: Tech.eu · Impact: 2/5 · Sentiment: Positive
Kennet closes €266M fund for B2B SaaS
Transatlantic growth equity investor Kennet has closed its largest fund to date, Kennet VI, at €266M. The fund will invest in established, high-growth B2B SaaS companies across Europe, with initial investments in Screendragon and Fluid Topics. Kennet focuses on founder-owned, bootstrapped companies, providing first external funding for international expansion. The fund includes commitments from Edmond de Rothschild Private Equity as cornerstone investor, along with British Patient Capital, Federated Hermes Private Equity, and Bpifrance.
Fund raise for B2B SaaS investments indicates continued capital flow into MarTech and related sectors.
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Key Takeaways & Evidence Grounding
- Kennet closed Kennet VI at €266M, its largest fund to date.
- Kennet has begun deploying capital into B2B SaaS companies including Screendragon and Fluid Topics.
- Kennet focuses on bootstrapped, founder-owned B2B SaaS companies.
- Edmond de Rothschild Private Equity is a cornerstone investor in Kennet VI.
- Kennet delivered an exit from Eloomi in January 2024 with a 3.1x cash multiple.
Connected Companies & Entities
3 Entities mapped“Edmond de Rothschild is a cornerstone investor in the Kennet VI fund...”
“British Patient Capital, Federated Hermes Private Equity and Bpifrance also committed to the fund....”
Ontology Mapping & Concepts
Related Market Signals & Shifts
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Vates raises €30M from IRIS and Bpifrance
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Edonia raises €15M for microalgae meat alternatives
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Moins d'un an après son lancement, le Fonds Bpifrance Défense a collecté 150 M€
Le Fonds Bpifrance Défense a collecté 150 M€ moins d'un an après son lancement, marquant l'intérêt des Français pour le secteur de la défense.
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