Kennet, a growth equity firm based in London, has recently closed a €266 million fund called Kennet VI. This fund is specifically targeted towards investments in capital efficient B2B SaaS companies across Europe. Some of the companies that have already received investments from this fund include Screendragon in Ireland and the UK, as well as Fluid Topics in France.
Kennet’s investment strategy is unique in that it focuses on companies that have revenues ranging from €3 million to €50 million. These companies are typically bootstrapped and founder-managed, with minimal external investment prior to Kennet’s involvement. The firm has a track record of successful exits in recent years, with companies like Nuxeo, Dext, CrossBorder Solutions, Rimilia, and Impartner all providing significant returns.
This latest fundraise highlights Kennet’s continued commitment to supporting innovative tech companies in Europe. By providing capital to companies that are often overlooked by traditional investors, Kennet is able to help these businesses reach their full potential and achieve successful outcomes.
For more information on Kennet and their investments, visit VCWire.tech, a new website dedicated to the tech venture capital industry. Stay tuned for updates on Kennet’s latest investments and success stories as they continue to support the growth of European tech companies.
With the closing of Kennet VI, the firm is poised to make a significant impact on the European tech scene. As they deploy the €266 million fund into promising B2B SaaS companies, we can expect to see more innovative solutions and successful exits in the years to come. Kennet’s focus on supporting founder-managed companies with proven revenue models sets them apart in the world of venture capital, and their track record of successful exits speaks to the strength of their investment strategy.
