Press Release
Helsinki-Vienna-Luxembourg, 30 January, 2024
3TS Capital Partners, a European technology-focused growth capital investor, announces the final closing of Fund IV with €111m.
For this new fund LP commitments have come from a broad group of premier institutional investors including EIF (European Investment Fund), Tesi (Finnish Industry Investment), SZTA (Széchenyi Funds), Erste Asset Management as well as several family offices and former portfolio company executives. 3TS is especially thrilled by the continuous support of EIF, which increased their commitments significantly, from financial backing by the European Union under the European Fund for Strategic Investments (“EFSI”). The purpose of EFSI is to help support financing and implementing productive investments in the European Union, as well as to ensure increased access to capital. With more than 50 investments and over 30 exits, 3TS has made a strong, positive impact on the European innovation and technology ecosystem.
With the new fund, 3TS will continue investing in rapidly growing companies with exceptional management teams, breakthrough products and unbounded market opportunities. The new fund has already invested in five high potential companies: (TosiBox, Autenti, Boksi, Spectrm and Jentis). 3TS’ thematic investment strategy proactively identifies key investment areas across ICT and tech-enabled service sectors and the fund typically leads investment rounds of €5-20 million. 3TS’ focus will remain on backing companies with roots in Engineering Europe, a region that is underserved by capital and at the same time has long-standing, world-class technical prowess and a growing base of courageous, experienced management teams.
The diverse 3TS team of 18 persons comprises of eight nationalities based in Europe and the US. The firm’s investment approach is to be an active business partner to the portfolio by leveraging deep networks globally. 3TS has an extensive track record of bringing strategic value to help businesses scale faster, broader and with less risk. The firm’s know-how has been critical in the expansion of global challenger portfolio companies including Piano, HomeCare.com, PerfectGym, and Safesize. Notable exits of past 3TS portfolio companies include LogMeIn, H88, Systinet, Avangate, SolveDirect, Tresorit and SalesManago.
“We are delighted and thankful for the increased capital commitments in our new Fund IV from existing and new investors. We are still in the early phases of digital adoption and the key trends driving our focus sectors stronger than ever. Tremendous opportunities will continue to exist for innovative companies. We look forward to supporting a new generation of management teams building local leaders, regional champions and global challengers,” commented Pekka Mäki, Managing Partner of 3TS.
About 3TS Capital Partners
3TS Capital Partners is a technology focused growth capital firm investing primarily across Engineering Europe. 3TS provides expansion capital for businesses in sectors including Technology & Internet, Media & Communications and Technology-Enabled Services. The combination of strong financial backing, strategic value-add and extensive networks in Europe and in the US, form the foundation of the 3TS company-building strategy. Investors in the current and past 3TS funds totaling over €450 million include EIF, Tesi, SZTA, Erste, Cisco, OTP, EBRD, AWS, Sitra, KfW, and 3i among others.
Learn more at: www.3tscapital.com