Cogito Capital Partners' New Fund Boosts European Tech Growth
Funding | Nov 12, 2024 | Cogito Capital Partners
Cogito Capital Partners, a venture capital firm based in Warsaw and NYC, has announced the first close of Cogito Fund II, with over €90 million raised towards a target of €125 million. The firm specializes in investing in later- and early-growth stage enterprise tech businesses in Europe, targeting investments between €5 million and €15 million per company, with a focus on Central Europe. Cogito is co-led by founders Sylwester Janik and Martin Jasinski, who aim to support the global expansion of tech B2B companies. Backed by institutional investors like the European Investment Fund (EIF) and others, Cogito seeks to address the equity gap for scale-ups in the European markets. It has a robust portfolio, including successful exits like Applica to Snowflake. The fund's investors highlight Cogito's role in advancing digital transformation and competitiveness in the CEE region's tech sectors.
Sectors
- Venture Capital
- Enterprise Technology
- Fintech
- Healthtech
Geography
- Central and Eastern Europe (CEE) – Cogito's investment focus is on European, particularly Central and Eastern European enterprise tech businesses, signaling a geographical investment strategy.
- United States – The goal of expanding selected tech B2B companies into the US market is part of Cogito's strategy for global scale-up and market penetration.
Industry
- Venture Capital – The article discusses Cogito Capital Partners' new fund aimed at investing in later and early growth-stage enterprise tech businesses, a common focus of the venture capital industry.
- Enterprise Technology – Targeted investments of Cogito Fund II are in enterprise tech B2B companies, indicating involvement in creating and expanding technology solutions for businesses.
- Fintech – Cogito Capital Partners plans to invest in fintech, demonstrating the fund's inclusion of financial technology as a major sector of focus.
- Healthtech – The fund mentioned its interest in healthtech, aligning with the industry's growth in integrating healthcare services with technology.
Financials
- 125m – Target size for capital commitments for Cogito Fund II.
- 90m – Capital available for investment after the first close of Cogito Fund II.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Cogito Capital Partners | Venture Capital Firm | Company | A Warsaw and NYC-based venture capital firm focusing on enterprise tech investments in Europe and supporting scale-ups to expand globally. |
| Sylwester Janik | Co-Founder and Managing Partner | Person | Co-founder and managing partner of Cogito Capital Partners, leading the firm in its venture investment strategy. |
| Martin Jasinski | Co-Founder and Managing Partner | Person | Co-founder and managing partner of Cogito Capital Partners, responsible for strategic direction alongside Sylwester Janik. |
| European Investment Fund (EIF) | Investor | Company | An institutional investor providing backing for Cogito Fund II to address scale-up funding gaps in the European market. |
| European Bank for Reconstruction and Development (EBRD) | Investor | Company | Supports Cogito Fund II with investment, aiming to boost innovation in Central and Eastern European tech markets. |
| International Finance Corporation (IFC) | Investor | Company | Part of the World Bank Group, supports Cogito's investments in Central Europe to drive development in digital transformation. |
| Polish Development Fund (PFR) | Investor | Company | Backs Cogito Fund II, contributing to Poland's venture and growth capital market development. |
| Kociuszko Foundation, USA | Investor | Company | An investor supporting Cogito Fund II as part of the backing by family offices and tech entrepreneurs. |
| Applica | Portfolio Company | Company | A former portfolio company of Cogito exited to Snowflake, delivering significant returns. |
| Snowflake (NYSE: SNOW) | Acquirer | Company | Acquired Applica, a former Cogito portfolio company, marking a successful exit for Cogito. |