back Back

DeepTech investor Jolt Capital reopens fund to add $106m

By Gloria Methri

October 11, 2023

  • Assets Under Management
  • B2B Financing
  • DeepTech

Jolt Capital, DeepTech, Private Equity Firm, EuropeFollowing the reopening of its fourth fund early this year, Jolt Capital, a private equity firm investing in European DeepTech companies, has completed its €100 million extension. The transaction involved existing investors as well as newcomers, including a European sovereign wealth fund and several large family offices.

After a first final closing of €271 million achieved in September 2021, which exceeded the target of €250 million, the team decided to reopen the fund to offer increased returns to its investors.

Jolt Capital has had a stronger team of partners since 2022 and is benefiting from growing interest in DeepTech. This is due to the global and sovereign issues it addresses (energy, health, climate, security) and the positive contribution of most of these technological solutions towards reducing global warming.

Jolt Capital IV has already made six investments in high-growth European DeepTech companies. The latest extension brings the fund’s total amount to €371 million. The fund’s objective is to invest in a dozen future world leaders by the end of 2024, with tickets ranging from €10 million to €50 million.

Since its inception in 2011, Jolt Capital has found a unique spot in Europe to finance the growth of B2B DeepTech companies. Thanks to this extension, Jolt Capital’s current assets under management amount to €550 million.

Jean Schmitt, Managing Partner and Chairman of Jolt Capital said, “We are strongly focused on our goal to invest in the very best software and industrial DeepTech scaleups in Europe, despite a difficult global economic context. Europe has been able to nurture an amazing pool of innovative mid-sized companies ranging from €10 million to €50 million in revenue and must now learn to fund their scaling. Our conviction remains the same: we need more DeepTech funds in Europe, capable of raising amounts exceeding one billion euros, to finance future industrial leaders that our continent desperately needs”.

Reach Capital served as placement agent for Jolt Capital IV, and Goodwin served as legal advisor.

Previous Article

October 11, 2023

Upvest taps BlackRock to make investing more accessible for Europeans

Read More
Next Article

October 11, 2023

Mogo selects Oracle Cloud Infrastructure to accelerate digital wealth platform

Read More

IBSi Daily News Analysis

Data privacy

July 16, 2024

Assets Under Management

Rise in sophisticated attacks, state-level threats, and increased ransom DDoS Incidents

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News


Webull UK launches Webull Savings

Read More

July 15, 2024

Daiwa Capital Markets Europe selects Delta Capita for CLM service

Read More

July 09, 2024

4 Sharia-based investment platforms for ethical investing in the UK

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
Get your copy now! IBSi Sales League Table 2024