Kennet Raises €266 Million for B2B SaaS Growth in Europe

Kennet Partners, a London-based growth equity investor, has raised €266 million for its largest fund to date, Kennet VI. The fund is already being deployed into B2B SaaS companies across Europe, highlighting a growing trend of growth capital investment in the region.

Kennet's Focus on Bootstrapped B2B SaaS

Kennet specializes in backing established B2B SaaS startups that are founder-owned and have achieved significant success without relying on external capital. This focus on bootstrapped companies aligns with the firm's belief in the potential of businesses that demonstrate strong organic growth and profitability.

• Kennet prioritizes companies with a clear path to profitability and a strong track record of revenue generation.
• Their investment strategy aims to help these companies scale their operations and expand internationally.

Kennet VI Fund Deployment

The Kennet VI fund is already being deployed into promising B2B SaaS companies in Europe. These companies are leveraging the investment to fuel their growth and expand their market presence.

• Kennet's investment typically serves as the first external funding for these companies, providing them with the resources they need to scale.
• The funds are used for various purposes, including international expansion, team building, and strategic development.

Kennet's Track Record of Success

Kennet has a proven track record of success in investing in bootstrapped B2B SaaS companies. The firm has consistently delivered strong returns to its investors, demonstrating its expertise in this sector.

• Notable exits include Eloomi, Nuxeo, Dext, CrossBorder Solutions, Rimilia, and Impartner.
• These exits have generated significant returns for Kennet's investors, highlighting the value proposition of the firm's investment strategy.

Europe's Growing Growth Capital Landscape

The recent raise by Kennet is indicative of a broader trend of increased growth capital investment in Europe. This trend is driven by the increasing number of successful B2B SaaS companies emerging in the region.

• Other growth funds, such as Index Ventures, have also raised substantial capital for investment in European startups.
• This influx of capital provides entrepreneurs in Europe with more opportunities to scale their businesses and achieve global impact.

Key Takeaways

Kennet's latest fund raise highlights the growing attractiveness of Europe's B2B SaaS market for investors. The firm's focus on bootstrapped companies and its proven track record of success make it a key player in the European growth capital landscape.

• Kennet's investment strategy provides valuable support for B2B SaaS startups in Europe.
• The firm's focus on bootstrapped companies demonstrates a commitment to fostering sustainable and profitable growth.