GRO Capital Closes $662.25M GRO Fund III – PYMNTS.com

GRO Capital has closed its northern European B2B software-focused fund GRO Fund III K/S, continuing the investment strategy pursued in prior funds, with a focus on accelerating the growth of mature software companies within the Nordic region, DACH and Benelux, according to a Wednesday (March 16) press release.

The fund, which has a 600 million euro ($662.25 million) hard cap, earned financial backing from many of GRO’s existing investors and welcomed new investors, including a mix of institutional and multilateral organizations from Europe and the U.S. GRO Capital now has in excess of 1 billion euros ($1.1 billion) in assets under management, the company press release says.

GRO Capital is currently invested in 11 businesses with focuses on cybersecurity, manufacturing software, vertical software and other mission-critical software applications.

“We are very excited to embark on the next phase of our development and we are grateful for the strong support from both existing and new…

Read Full Story: https://www.pymnts.com/news/investment-tracker/2022/gro-capital-closes-662-25m-gro-fund-iii/

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