Venture Capital firm with over 20 years in the market, Newion, has just unveiled a new investment fund at €130 million. Newion IV will support early-stage business software companies across Europe to kickstart their ventures.
Since 2000, VC firm Newion has been actively supporting startup growth in the Benelux, Nordics and Germany. With a special focus on B2B software companies, the firm has developed a strong reputation for itself and has fueled the development of Europe’s digital transformation.
“VC is patience money: we invest in early-stage companies and be a partner for many years, on their way to market leadership.”
Software development is a critical component of how businesses and society operate in this tech-enabled era. Supporting innovation at this early stage has been pivotal in fueling a community of fresh thinking in this market.
Now, the Amsterdam-based firm has launched a new fund – Newion IV.
Newion IV
This marks the firm’s fourth investment fund and has reached an initial closing of €130 million – over 50% more than the previous fund. Clearly, there is still strong promise in European software tech and the firm is committed to helping new ventures get off the ground.
The initial closing was oversubscribed – further reflecting strong promise in the plans.
Newion Co-founder and Managing Partner Patrick Polak: “We are tremendously proud and honored that all existing LPs from previous funds join Newion IV. Our cornerstone investors such as BNP Paribas, PMV, family offices and HNWIs, and the European Investment Fund (EIF, promoting innovation and entrepreneurship in Europe) are joined by a large group of new LPs, such as Reggeborgh. We feel that our investment philosophy and strategy, combined with our experience and track record since 2000, is acknowledged – resulting in a speedy fundraise supported by a large group of LPs.”
With the new fund, Mathijs de Wit and John Sjölander will join Patrick Polak and Frank Claassen as Managing Partners, and the 13-strong team is being expanded further.
The fund will aim to invest in about 20 new early-stage B2B software startups between now and September 2027, bringing them to market leadership and helping to continue to push forward the digital transformation.
Patrick Polak: “The industry needs to become more and more digital, and we’ve been supporting software companies facilitate this transformation since our foundation. With the larger fund size, we can support our investors with more funding power, so I would like to invite ambitious B2B startups to get in touch. We expect to announce the first investments of the new fund shortly.”
Of course, it has to be noted that this new fund comes amidst a context of financial uncertainty. According to Patrick, this downturn is exactly why funds like this one, investing in the software behind digital transformation, are needed. He said:
“We all know that “digitized companies” perform better. Even in economic downturns, we see that these companies grow faster, get access to more customers and provide better and more relevant support in a more efficient way. Digital transformation is a journey that will never stop.
VC is patience money: we invest in early-stage companies and be a partner for many years, on their way to market leadership. So we do not look so much at what is happening today, we look for the market developments and drivers for the years to come. With our funds, our focus, our network and our experience we aim to build future market-leading companies. We are very optimistic for the developments to come.”
