Closing of the fund, Jolt Capital III
Paris, 6th November 2017 – Jolt Capital SAS, a Private Equity firm specialized in Growth Capital investing in European technology companies with global ambitions, is announcing a Final Closing of Jolt Capital III, with three new investors bringing the total fund size to €83m. With this milestone, Jolt’s team of technology experts will look to support the expanding technology ecosystem in Europe, and benefit from its growth.
Since its founding in 2011, Jolt Capital has targeted investments primarily in B2B markets in high potential growth companies with revenues between €10m and €100m. While being very much a technology specific investor, Jolt Capital has remained mostly sector agnostic, given that leading edge solutions often traverse business boundaries. As such, investments have been in both hardware & software, in diverse areas such as: security, artificial intelligence, mobility, accessibility, health, & education. Jolt Capital has attracted leading anchor investors like Access Capital Partners and Vertex/Temasek who have renewed their trust, while the latest fund, Jolt Capital III, sees the further arrival of other top tier investors including, institutions, family offices, sovereign funds, & funds of funds
Over the next three years, Jolt Capital III will invest roughly €7m to €15m in each carefully-selected company. In doing so, Jolt will remain committed to its strategy of active participation by reinforcing management teams, facilitating international expansion, supporting acquisitions, expanding value propositions, deepening integration and strengthening balance sheets.
With the closing of this fund, Managing Partner & co-founder of Jolt Capital, Jean Schmitt commented, “Jolt Capital is gradually building a compelling story that resonates with investors, as Assets Under Management (AUM) have now risen to €150m. Our strategy continues to perform successfully, as the merger between Heptagon & AMS on a transaction value of €1.5b handsomely demonstrate, in addition to the previous sale of Fogale Sensation for €100m. We continue to support the international scaling of high-potential medium sized European technology companies with rich intellectual property (IP). In bringing our strong ability to execute international acquisitions, each of our portfolio companies will complete roughly three successful acquisitions while in our portfolio.”
Azla Advisors (www.azla-advisors.com) served as Jolt Capital’s exclusive global placement advisor, managing the Jolt Capital III fundraising process.
- About Jolt Capital
Jolt Capital SAS is an independent Private Equity firm investing in fast growing, profitable, globally-oriented technology companies of European origin, with revenues between €10m and €100m. Jolt Capital has invested in and catalysed various champion technology companies, including Heptagon (now part of SIX:AMS), Inside Secure (EUR:INSD), Fogale Nanotech, Alpha Mos (EUR:ALM), Blackwood Seven and Skill&You. Jolt Capital is currently managing an excess of €150m. The firm is authorized and regulated by the AMF. For more information, consult the website www.jolt-capital.com.
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