Business Wire

One Peak Closes € 443 million Growth Fund to Back Europe’s Most Promising Technology Companies

Share

One Peak, a leading technology investor for growth stage companies in Europe, today announces the closing of One Peak Growth II at its hard cap of €443 million ($507 million). The fund was significantly oversubscribed and closed at the upwards revised hard cap, taking the firm’s assets under management to c. €700 million. The fundraise launched in Q1 2020 and closed in Q2 2020.

One Peak, founded by Humbert de Liedekerke and David Klein in 2014, primarily targets significant minority investments in proven, rapidly growing European technology companies with global ambitions. The firm partners with Europe’s best entrepreneurs in scaling their businesses by providing growth capital, operating expertise through its value creation team, and access to its extensive network of relationships. One Peak’s primary objective is to help European founders transform innovative businesses into lasting, category-defining leaders.

Managing Partner David Klein said, “We have seen first-hand the emergence of a thriving European technology ecosystem over the past few years, and we are particularly impressed with the new crop of entrepreneurs who start their companies in Europe but have the ambition to win at global scale. These are the type of founders we want to partner with and support them with our sector expertise, global network, and value creation platform.”

“The fund close comes at an opportune time in view of the current economic backdrop, which forces businesses globally to accelerate their digitalization efforts. We believe this creates plenty of opportunities for technology companies,” said Managing Partner Humbert de Liedekerke. “We are grateful and humbled by the support of our investors and look forward to continuing to help some of Europe’s most ambitious founders and teams build enduring companies.”

Commitments to One Peak Growth II came from a diverse group of global investors, including university endowments, foundations, public pension plans, fund of funds, and family offices.

Proskauer Rose and Van Kampen Liem served as fund counsel and Houlihan Lokey served as placement agent for One Peak Growth II.

About One Peak

One Peak is a growth equity firm investing in technology companies in the scale-up phase. The firm provides growth capital to exceptional entrepreneurs with a view to transform innovative and rapidly growing businesses into lasting, category-defining leaders. One Peak’s investments include HighQ, Neo4j, DocPlanner, Spryker Systems, Concentra Analytics, Quentic, Coople, and DataGuard. To learn more, visit www.onepeakpartners.com.

Contact information

Humbert de Liedekerke
pr@onepeakpartners.com

About Business Wire

Business Wire
Business Wire
24 Martin Lane
EC4R 0DR London

+44 20 7626 1982http://www.businesswire.co.uk

(c) 2018 Business Wire, Inc., All rights reserved.

Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.

Subscribe to releases from Business Wire

Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from Business Wire

B2Broker Launches New Website and Branding as Part of Corporate Development and Expansion Plans20.10.2020 11:00:00 CESTPress release

B2Broker, a leading liquidity and technology provider of solutions to the forex and crypto industry, is pleased to announce it has launched its new website and new corporate branding. This is the company’s first major website and corporate identity update and is aligned with its expansion plans to position itself as the leading global provider in its genre, having secured over 200 institutional customers to date. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201020005105/en/ 9 circles representing B2Broker's 9 groups of products (Graphic: Business Wire) Rationale While the last few months have presented a challenging situation regarding the Covid-19 global pandemic, B2Broker noted the increases in online trading which impacted on demand for Forex and crypto-related services from brokerages. The situation served as an important trigger to move forward with the new website and branding project to provide current and potential

Alibaba Group Unveils Plans for 2020 11.11 Global Shopping Festival20.10.2020 10:02:00 CESTPress release

Alibaba Group Holding Limited (NYSE: BABA; HKEX: 9988) today kicked off its 11.11 Global Shopping Festival (“11.11” or “Festival”) with new innovations and features to meet rapidly changing consumer trends. These include the participation of Alipay’s digital lifestyle platform; broader consumer reach and bigger promotions; “double” the number of shopping windows that will spotlight more brands, products and special offers; as well as the popular livestreaming technology creating more fun and engagement for Chinese consumers with the largest international presence to date. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201020005539/en/ Alibaba Group today kicked off its 2020 11.11 Global Shopping Festival with new innovations and features to meet rapidly changing consumer needs. (Photo: Business Wire) For many brands, 11.11 is the single biggest growth driver every year and this year will be no exception. The annual event wil

XPeng Completes Production of 10,000 Units of P7 Smart EV Sedan20.10.2020 10:00:00 CESTPress release

XPeng Inc. (NYSE: XPEV) today completed the production of 10,000 units of the P7 smart EV sedan, its flagship model. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201020005536/en/ The 10,000th P7 completed production at XPeng Zhaoqing factory (Photo: Business Wire) The 10,000th P7 rolled off the production line from Xpeng’s self-built wholly-owned factory in Zhaoqing, Guangdong Province on Oct 20, 2020. “Today sees us achieving the 10,000th unit production target earlier than expected. We delivered on our promise to bring high-quality smart EVs to meet our customer demand,” said He Xiaopeng, Chairman and CEO of XPeng at a ceremony in Zhaoqing. The completion of 10,000 P7s reinforces XPeng’s position as a leading smart EV brand, demonstrating its strong capability in supply chain management, smart manufacturing and quality control, Chairman He Xiaopeng said. The P7 smart EV sports sedan is designed and built with four goals:

Does Brexit Mean CXit? CX Teams Must Prepare to Embrace No Deal Brexit Says Sabio20.10.2020 09:00:00 CESTPress release

Sabio Group, Europe’s leading full service CX provider, has today set out the key elements that CX teams need to address as they prepare to embrace the impact of a No Deal Brexit from January 2021. “Does Brexit Mean CXit?” Sabio’s new white paper, sets out the need for a Brexit Service Strategy that directly addresses customer concerns about potential post-Brexit disruptions. It goes on to detail four key areas that will help CX teams to steer customer interactions towards positive emotive outcomes: The creation of agile CX infrastructures that can scale and evolve at speed The ability to triage and route customers based on intent recognition A determination to shield live assistance from overwhelming demand so they can serve the most emotive or vulnerable customers with more complex issues The development of proactive messaging, intuitive self-service and predictive advisor support to help make service journeys fast and efficient as part of a digital first agenda “While a Brexit deal

Neuromod Successfully Closes €10.5 Million Series B Financing for Tinnitus Treatment Device Lenire®20.10.2020 08:00:00 CESTPress release

Neuromod Devices Limited (“Neuromod”), the Irish medical device company specialising in the treatment of tinnitus, a chronic condition that affects 10-15% of the global population and commonly described as ‘ringing in the ears’, announces it has raised €10.5 million in an oversubscribed Series B financing. The investment was led by majority investor Fountain Healthcare Partners, with participation from existing investors Moffett Investment Holdings and Medical Device Resources, with venture-debt provided by Kreos Capital and Silicon Valley Bank. Proceeds from the financing will be used to expand European commercialisation of the Company’s Lenire® tinnitus treatment device; to scale-up manufacturing, progress the Company’s U.S. FDA strategy, and pursue opportunities with the United States Department of Veteran Affairs. It is estimated that roughly 20 million Americans struggle with burdensome chronic tinnitus, while over 2 million U.S. Veterans receive disability payments for service-co

GRC and Total Data Centre Solutions Partner to Expand Data Centre Liquid Immersion Cooling in Europe20.10.2020 08:00:00 CESTPress release

GRC (Green Revolution Cooling), the single-phase https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.grcooling.com%2Fabout%2F&esheet=52309856&newsitemid=20201019005928&lan=en-US&anchor=immersion-cooling+authority%26%23174%3B+for+data+centres&index=2&md5=17154fe6e6e72b83c205c76ff515c868 immersion-cooling authority® for data centres, today announces a new partnership contract with Total Data Centre Solutions (TDCS), a leading provider of mission critical and innovative infrastructure solutions for Data Centres throughout Europe and the Nordic region focused on carbon reduction and energy efficiency. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201019005928/en/ GRC ICEraQ immersion-cooling system with rack-mounted service rails for easy maintenance and hot swaps. (Photo: Business Wire) Through the partnership, TDCS will act as the agent for GRC in Europe, selling GRC’s ICEraQ® Micro-Modular, Rack-Based Immer