Fidelity Growth Partners Europe closes First European Fund

Fidelity Growth Partners Europe (formerly known as Fidelity Ventures) is pleased to announce that it has closed its first all European venture fund of £100m.  This reflects the maturity of the European venture capital market and the buoyant demand for investment.

Fidelity Growth Partners Europe has worked with a number of enterprises across Europe during the last decade deploying more than $150m* in investments spanning enterprise software, semi-conductors, telecommunications and consumer internet businesses.  Past investments include Seatwave, a European leader in secondary ticketing; Curam, a global provider of social management software and Neverfail, a server virtualisation solution vendor.

Simon Clark, Partner, Fidelity Growth Partners Europe commented, “I am delighted that we have been able to create Fidelity’s first venture fund solely focussed on European companies. It is a testament to the way the technology market has developed across Europe during the last 10 years as well as to the innovation and skill of European entrepreneurs.   We continue to identify a number of great business strategies that have the potential to flourish with the investment and expertise that we can offer them.”

“I believe that the European venture market has the potential to drive significant returns for venture investors.  In this respect, we will continue to work with our sister funds in India and China as well as Fidelity Biosciences in the US to build on Fidelity’s 40 year heritage of venture capital investing.”