Fortino Capital

Fortino Capital is a prominent European investment firm headquartered in Antwerp, Belgium, with an additional presence in the Netherlands. The firm is dedicated to actively supporting and advising growth companies, primarily focusing on the B2B software and technology sectors. Fortino Capital distinguishes itself through a dual investment strategy, operating both a Ventures arm for early-stage opportunities and a Growth Private Equity arm for more mature, established businesses. This allows them to engage with companies across different stages of their lifecycle, from initial growth phases to significant expansion.

The Ventures arm of Fortino Capital targets promising early-stage B2B software companies, typically participating in Series A and Series B funding rounds. This segment of their investment activity is geared towards identifying innovative solutions with high growth potential, providing not just capital but also strategic guidance to help these nascent businesses scale. For instance, Fortino Capital Ventures Fund II successfully closed at €100 million in 2022, demonstrating their commitment to fostering the next generation of software leaders. Their typical initial investments in this space range from approximately €1 million to €5 million, aiming to be a significant partner in the early development of their portfolio companies.

Conversely, Fortino Capital's Growth Private Equity arm focuses on more established B2B software companies that are ready for substantial expansion or require capital for strategic initiatives like buy-and-build strategies. This involves taking significant minority or even majority stakes in companies with proven business models and strong market positions. A testament to their scale in this area, Fortino Capital Growth Private Equity Fund III closed at an impressive €377 million in 2023, underscoring their capacity for larger transactions. Investments from this fund typically range from €10 million to €50 million, enabling portfolio companies to accelerate their growth through market consolidation, internationalization, or product development.

Across both its Ventures and Growth strategies, Fortino Capital emphasizes a hands-on approach, leveraging its extensive network and operational expertise to add value beyond just capital. They aim to be a true partner, assisting companies with strategic planning, operational improvements, and talent acquisition. Their geographic focus primarily spans the Benelux region and extends into other parts of Europe, seeking out companies that can benefit from their deep sector knowledge and active support model. This comprehensive approach positions Fortino Capital as a key player in the European B2B software investment landscape.