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Printed: September 25, 2023 at 7:25 am Up to date: September 25, 2023 at 7:26 am
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Daybreak Capital, a European B2B software program funding agency, raises €660 million to bolster the continent’s software program innovators.
The funds embrace €580 million for Daybreak V, a major early-stage B2B software program fund, and an €80 million follow-on fund, Daybreak Alternatives III, reinforcing its dedication to the tech revolution.
European B2B software program funding agency Daybreak Capital has raised €660 million to assist the continent’s software program innovators. This funding includes €580 million for Daybreak V, an early-stage B2B software program fund, and an €80 million follow-on fund, Daybreak Alternatives III.
The funding technique will concentrate on partnering with world-class founders who’re creating game-changing software program options throughout the know-how spectrum, spanning from infrastructure to end-user functions. Daybreak’s crew will prioritize corporations that promise long-term worth creation and have the potential to drive substantial change inside the enterprise panorama for the approaching decade.
Daybreak Capital has already initiated its funding technique, backing promising startups comparable to Fonoa, a tax compliance platform, Cowl Genius, an embedded insurance coverage platform, and FlowX.AI, an software modernization platform. These investments exemplify Daybreak’s dedication to supporting corporations that reveal robust traction, supply market-leading merchandise, and have the potential to seize multi-billion-dollar international market alternatives.
Haakon Overli, Common Associate at Daybreak Capital, expressed confidence within the European B2B software program panorama, noting that difficult instances typically lead to corporations delivering even larger worth and resilience:
“We based Daybreak to assist founders constructing international B2B software program leaders from Europe, and this ethos has not modified. We firmly imagine it’s a nice level within the cycle to be investing and see the chance in Europe solely growing.”
Since its institution in 2007, Daybreak Capital has raised over $2 billion from main international buyers to put money into Europe’s top-tier B2B software program corporations. Furthermore, Daybreak’s efficiency has earned it recognition as Europe’s top-performing enterprise capital fund supervisor in 2023. The London-based agency’s portfolio consists of over 80 category-leading corporations based throughout 16 European nations, together with notable successes comparable to Mimecast, iZettle, Tink, LeanIX, and present unicorns Collibra, Dataiku, and Quantexa.
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Any information, textual content, or different content material on this web page is supplied as common market data and never as funding recommendation. Previous efficiency just isn’t essentially an indicator of future outcomes.
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Agne is a journalist who covers the newest tendencies and developments within the metaverse, AI, and Web3 industries for the Metaverse Submit. Her ardour for storytelling has led her to conduct quite a few interviews with specialists in these fields, all the time searching for to uncover thrilling and fascinating tales. Agne holds a Bachelor’s diploma in Literary Research from the College of Amsterdam and has an intensive background in writing about a variety of matters together with cybersecurity, journey, artwork, and tradition. She has additionally volunteered as an editor for the animal rights group, “Open Cages,” the place she helped elevate consciousness about animal welfare points. Presently, Agne splits her time between Barcelona, Spain, and Vilnius, Lithuania, the place she continues to pursue her ardour for journalism. Contact her on [email protected].
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Agne is a journalist who covers the newest tendencies and developments within the metaverse, AI, and Web3 industries for the Metaverse Submit. Her ardour for storytelling has led her to conduct quite a few interviews with specialists in these fields, all the time searching for to uncover thrilling and fascinating tales. Agne holds a Bachelor’s diploma in Literary Research from the College of Amsterdam and has an intensive background in writing about a variety of matters together with cybersecurity, journey, artwork, and tradition. She has additionally volunteered as an editor for the animal rights group, “Open Cages,” the place she helped elevate consciousness about animal welfare points. Presently, Agne splits her time between Barcelona, Spain, and Vilnius, Lithuania, the place she continues to pursue her ardour for journalism. Contact her on [email protected].
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