Today Quadrille Capital, an independent global investor in technology and healthcare growth equity, has announced that it has successfully raised €511 million for its fourth technology fund Quadrille Technologies IV. Up to 50% of this amount will be invested in Europe.
Founded around 15 years ago, Quadrille invests in the most promising technology companies worldwide, using a unique and rigorous sourcing tool, which it calls “Le Hachoir” (The Grinder). Quadrille offers entrepreneurs swift capital over multiple financing rounds. The venture capital firm currently manages €1.2 billion with a team of 30 people out of Paris and San Francisco for institutional investors and family offices.
Now, thanks to strong demand from a diversified base of new and returning institutional investors and family offices in Europe, the Middle East and Americas, QT IV has exceeded its €500 million hard cap. The increased size from its €135 million predecessor fund reflects the expanded investment capability of Quadrille.
About 30% of the funds raised within QT IV are already deployed, with investments made into several high growth companies (such as Freshly, Expanse, Hinge Health, Prose, NA-KD, JobAndTalent, ezCater, Medwing and Bitglass) and high-performance funds. Two investment stakes have already been quickly and successfully exited – Freshly (sold to Nestlé for a total of $1.5 billion, around €1.2 billion) and Expanse (sold to Palo Alto Networks for a total of $800 million, around €664 million).
Co-founder Jérôme Chevalier said: “We would like to welcome our first-time investors and thank our returning investors for their continued support. They can be confident that our deep technology and financial experience puts us in a good position to navigate safely through these volatile times, while our strong capital position gives us the ability to take advantage of attractive investment opportunities as they arise. We have seen an acceleration of the adoption of technology in 2020. We believe that this trend, at the core of our 20-year strategy, is here to stay and will continue defining the world economy.”
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Source: https://www.eu-startups.com/2021/03/quadrille-capital-secures-e511-million-for-4th-tech-fund-with-up-to-50-to-be-invested-in-europe/
