Growth equity investor Smartfin has closed a new growth fund at 250 million euros (about $257 million), focusing on growth-stage B2B technology companies across Europe.
The fund, called Smartfin Capital III, includes private and institutional investors as well as the introductory participation of the European Investment Fund (EIF).
Smartfin's first two investments with the new fund are a global casual gaming platform called CrazyGames and a multi-cloud management platform called Emma.
The participation of EIF in Smartfin will support an innovation ecosystem for European technology companies and entrepreneurs.