One Peak, an investor for growth-stage B2B software companies in Europe and Israel, has closed its third growth fund at a hard cap of $1 billion.
The fund was significantly oversubscribed, says One Peak, and brings the firm’s total assets under management to around $2 billion. The size of the new fund makes One Peak, founded by David Klein and Humbert de Liedekerke Beaufort, the largest fund in Europe dedicated to backing fast-growing B2B software companies in the $15m-$100m investment range.
“Growth equity is a significantly underrepresented asset class in Europe versus the US and China,” said managing partner de Liedekerke Beaufort. “There are many world class founders in Europe who need capital and support to win at global scale, and One Peak fills that gap for the best B2B software companies.
“With Fund III, we’ll continue to partner with the most ambitious founders and support them with our sector expertise, global network, and value creation platform to build enduring companies against the backdrop of today’s macroeconomic headwinds.”
Over the past eight years, One Peak has built a concentrated portfolio of minority stakes in category leading software companies such as Cymulate, Deepki, DocPlanner, PandaDoc, Neo4j and Spryker Systems.
Its value creation team includes experts in sales, marketing, partnerships, product, tech and talent.
“We are ultimately in the business of investing in exceptional founders, and we work alongside them with the same passion and dedication as they do,” said Klein, also a managing partner. “Our value-add is significantly enhanced by our fully integrated value creation team, particularly when it comes to hiring the best talent, accelerating top line growth, driving global expansion, and improving product and technology capabilities.
“This is a key differentiator for our portfolio companies in building generational companies. Last but not least, we are grateful to our founders and LPs from around the globe for their continued trust.”
One Peak says its relationship-driven approach is augmented by PULSE, its proprietary sourcing and business intelligence software platform. PULSE integrates with a plethora of data sources and continuously surfaces the most promising opportunities for new investments and bolt-on acquisitions for One Peak’s portfolio companies.
Commitments to One Peak Growth III came from a diverse group of investors from the US and Europe, including blue chip university endowments, foundations, public pensions plans, insurance companies, asset managers, fund of funds and family offices.
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