DIP Capital LLP, venture capital firm focused on European digital-tech businesses at scale-up stage, announces that its Disruption Investment Platform (DIP) Fund I has raised additional€10 million from its existing LPs, extending the size of the fund from €40 million to €50 million,in preparation for launching its second fund in 2023.
Since H2-2018, DIP has invested in 9 companies in the U.K., Italy, and Germany, building apan-European well diversified portfolio. The €10 million fund’s extension reflects strong trustand support from the LPs of the fund, corroborating the validity of the investment strategy andthe quality of the team. The extension will allow DIP to continue to back great businesses andfounders in the current adverse macro and take advantage of a strong deal-flow with newattractive opportunities.
Riccardo Cirillo, Founder and Managing Partner of DIP Capital LLP said “We areextremely proud for this 25% DIP Fund I extension, meaning we are meeting the expectationsof our LPs, who decided to further support us even within the current market uncertainty. Thisrepresents a key step for us to keep scaling up our strategy while preparing for the fundraisingof our Fund II, starting in 2023”.