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COI Partners launches €120m growth fund for DACH companies

Switzerland and Germany-based growth investor COI Partners (formerly Co-Investor Partners) has completed the first closing of its new €120m fund for growth-stage startups in the DACH region. For COI, that means investing at Series B and up, and also doing some more private-equity deals. 

COI Partners invests in high-growth startups that have a proven business model, positive unit economics and that are ready to scale. It is sector agnostic and has historically invested in verticals such as IT and software, consumer and retail, life sciences, technology and industrial.

The fund typically invests between €15m-30m in initial and follow-on investments. 

COI Partners does not allocate a specific amount of capital to each country in the DACH region. Historically, the largest portion of its investment has gone to German startups as a “natural consequence of the size of its economy,” Dr Farsin Yadegardjam, partner at COI Partners, tells Sifted.  

A good number of investments have been dedicated to Swiss-based companies — particularly in the life science and medtech space — while Austria has offered fewer opportunities so far.

COI Partners is particularly excited by the large number of blockchain-focused companies in Switzerland which “have the potential to set new standards in how assets are exchanged between parties”, adds Yadegardjam.

“These are now moving beyond Series A stage and will likely soon reach relevant scale for us.”

Berlin and Munich remain interesting to the fund for consumer and enterprise technology investments. 

COI Partners has been investing in the DACH region for 21 years.  It has 17 team members across offices in Berlin, Frankfurt and Zurich. The fund has made 110 investments and follow-on investments in its time, and 40 of its portfolio companies have exited. 

Its most notable investments include electronics rental unicorn Grover, gaming and esports-focused marketing agency Freaks 4U and automotive safety software company, TTTech.  Its successful exits include glasses ecommerce brand Mister Spex, bike rental app NextBike and fast seafood restaurant NordSee — all German companies.

A little progress each day adds up to big results. Congratulations to the entire team at COI Partners on the launch of your fund. I wish you all the best in this endeavour.

Shishir Gupta, Founder and CEO, StartupLanes

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