Jolt Capital is delighted to announce that it has completed the final closing of Jolt Capital IV at €271m, well oversubscribed above its €250m target.
Jolt Capital IV will maintain a mostly similar strategy to its three predecessor growth funds. For the past decade, Jolt Capital has been busy scaling impactful European tech companies on their pathway to becoming global leaders. Jolt Capital IV will expand this successful approach, with larger ticket sizes of up to €40m supporting further growth, all within a larger portfolio of twelve tech companies.
“The prior funds provide a strong validation for Jolt’s investment thesis. As most of the partners have been CEOs of tech companies in the past, Jolt has a unique capacity to drive scale-ups through major hurdles, whether scaling manufacturing or expanding into new markets. With the closing of Jolt Capital IV above target, we have >3x the growth capital as the previous fund. We aspire to be at the forefront of responsible investment and to lead European technology companies to become global leaders.” commented Jean Schmitt, Managing Partner and President of Jolt Capital.
This final closing of Jolt Capital IV brings Jolt Capital’s total AUM around €500m, with all historical LPs onboard again, including several sovereign funds. Owing to Jolt Capital IV’s “Tibi” accreditation, the fund was able to attract several major insurance companies and pension funds. In addition, various successful entrepreneurs also made significant commitments to the fund, joining a series of long-term contributing family offices.
“We are currently expanding both our team and our proprietary AI software Jolt.Ninja. Everything is in place to roll out Jolt Capital IV on companies like Virta, the first investment in the new fund that was announced in April’21. Virta is currently the fastest-growing EV-charging platform in Europe.” said Jean Schmitt.
Azla Advisors served as Jolt Capital’s global placement advisor, with Reach Capital focusing on French investors.