Munich-based venture capital firm Armira Growth has successfully raised €200 million for its inaugural Armira Growth Fund I. This fund is dedicated to bridging the growth financing gap in the DACH region by investing in tech and tech-enabled growth companies.
Armira Growth‘s strategy involves committing substantial individual investments, ranging from €10 million to €50 million, to a select number of companies, allowing for a minority partnership approach. This enables the firm to offer detailed and tailored support throughout the lifecycle of the investment, from initial funding to exit. The firm’s selective investment strategy is designed to foster deep, value-added relationships with its portfolio companies.
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Leveraging Experience and Networks
The fund draws on the vast experience of its team to provide strategic and tactical guidance, benefiting from lessons learned across various sectors. Moreover, Armira Growth’s investor network includes over 100 entrepreneurs and entrepreneurial families, offering portfolio companies unparalleled access to the German Mittelstand and enhancing opportunities for growth and success.
Support from Investors and Portfolio Companies
The €200 million raised came from a mix of Armira Growth’s investors and its existing portfolio firms such as Osapiens, Wemolo, Workwise, and Yoummday. These contributors not only provide financial backing but also strategic support, helping to shape the fund’s mission and execution.
Vision for the Future
Armira Growth expressed enthusiasm about the potential of the fund to support the next generation of (not so) hidden Tech Champions and to jointly shape many more entrepreneurial success stories. This aligns with the firm’s goal of becoming the preferred investment partner for family investors and entrepreneurs seeking to invest in both Mittelstand and growth companies.
With this new fund, Armira Growth is poised to make significant impacts in the DACH region, aiding in the development of tech and tech-enabled companies and contributing to the broader growth of the area’s economic landscape.
