Discover The Best Startups in London

Get the best startup news from London:

Copilot Capital Announces $200 Million Fund to Invest in European Software Firms

Chrissie Jonathan

Chrissie jonathan

19 Jun 2024

The $200 million fund that Copilot Capital has launched will invest up to £15 million in European software firms. Copilot Capital, a new private equity business with headquarters in London, has recently created a new fund with a capitalization of $200 million. The firm's primary objective is to bolster the next generation of European software champions. The Friedkin Group's investment section was the one that initially seeded the fund and also helped to co-found it.

It is the intention of this fund to provide financial assistance to ambitious software startups that have either reached the end of the venture capital lifecycle or are being bootstrapped by their founders. With a particular emphasis on go-to-market strategy, internationalization, acquisitions, and data and artificial intelligence, it seeks to provide financial support to software companies that are intending to expand their operations and to assist founders in driving additional growth and profitability.

As a result of the fact that there is a lack of investment opportunities in lower mid-market software across Europe, Copilot Capital intends to provide financial support to firms that generate between five and fifteen million euros in annual recurring revenue and to enable founders to steer their enterprises into the subsequent growth phase.

During the same time that the fund was being launched, Copilot Capital made its initial investment in Relesys, which is based in Denmark. In the retail industry, it is an employee app that provides all of the necessary features for frontline personnel. A number of industry-leading companies, including Specsavers, COOP, and Vue Cinemas, make use of the Relesys software as a service platform. Through the integration of staff communications, learning, and task management into a single, user-friendly application, it enables businesses to improve the performance of their frontline employees.

An additional co-founder named Danny Friedkin made the following observation: "John's focus on identifying overlooked potential aligns perfectly with the approach that The Friedkin Group takes." We have been successful because we have made distinctive contributions to the growth journey of our founders and discovered value in areas where others have failed to do so. We have provided financial support to a large number of excellent founders and management teams operating in a wide variety of industries. This is the next chapter of that story, and John and the crew of Copilot Capital are your characters.