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HPE Growth

Europe, Noord-Holland, The Netherlands, Amsterdam

Description

HPE Growth is a prominent European growth equity firm headquartered in Amsterdam, specializing in long-term investments in technology companies. The firm targets businesses that have achieved significant traction, often demonstrating profitability or a clear path to it, coupled with strong recurring revenue models. Their investment philosophy centers on partnering with ambitious management teams to accelerate growth, expand internationally, and enhance operational efficiency, providing strategic guidance alongside capital.

The firm typically provides substantial capital injections, with initial investments ranging from approximately $10.8 million (€10 million) to $75.6 million (€70 million). This significant check size allows them to support companies through various growth phases, including market expansion, product development, and strategic acquisitions. HPE Growth is known for taking both minority and majority stakes, adapting their approach to best suit the needs and ambitions of the companies they back, focusing on sectors like SaaS, fintech, and digital platforms.

A testament to their continued presence and confidence in the European tech landscape, HPE Growth successfully closed its fifth fund, HPE Growth Fund V, at a substantial €440 million (approximately $475 million) in 2022. This capital base enables them to continue deploying significant resources into promising ventures. Since its inception, the firm has built a robust portfolio, having invested in over 30 companies across various technology sectors, demonstrating a consistent track record in identifying and scaling high-potential businesses throughout Europe.

Investor Profile

HPE Growth has backed more than 31 startups, with 0 new investments in the last 12 months alone. The firm has led 16 rounds, about 52% of its total and boasts 3 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series C, Series Unknown, Series B rounds (top funding stages).
  • Majority of deals are located in Germany, The Netherlands, United Kingdom.
  • Strong thematic focus on Financial Services, FinTech, Finance.
  • Typical check size: $10.8M – $75.6M.

Stage Focus

  • Series C (23%)
  • Series Unknown (23%)
  • Series B (16%)
  • Private Equity (6%)
  • Post Ipo Equity (6%)
  • Series D (6%)
  • Series E (6%)
  • Secondary Market (6%)
  • Series A (6%)

Country Focus

  • Germany (48%)
  • The Netherlands (26%)
  • United Kingdom (16%)
  • United States (3%)
  • Belgium (3%)
  • Ireland (3%)

Industry Focus

  • Financial Services
  • Fintech
  • Finance
  • Payments
  • Fitness
  • Wellness
  • Big Data
  • Machine Learning
  • Billing
  • Sports
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does HPE Growth frequently co-invest with?

Cinco Capital
Europe, Hamburg, Germany, Hamburg
Co-Investments: 2
Highland Europe
Europe, Geneve, Switzerland, Geneva
Co-Investments: 5
Sprints
Europe, England, United Kingdom, London
Co-Investments: 2
Varde Partners
North America, Minnesota, United States, Minneapolis
Co-Investments: 2
Citi Ventures
North America, California, United States, San Francisco
Co-Investments: 3
PV
North America, California, United States, San Jose
Co-Investments: 2
NGP Capital
North America, California, United States, Palo Alto
Co-Investments: 2
Blumberg Capital
North America, California, United States, San Francisco
Co-Investments: 2
Bayern Kapital
Europe, Bayern, Germany, Landshut
Co-Investments: 2
Amadeus Capital Partners
Europe, Cambridgeshire, United Kingdom, Cambridge
Co-Investments: 2

What are some of recent deals done by HPE Growth?

PPRO

London, England, United Kingdom

PPRO is a fintech firm that provides digital payment solutions to banks and businesses.

BillingFinanceFinancial ServicesFinTechPayments
Private EquityMar 13, 2024
Amount Raised: $93,099,366
Xempus AG

Munich, Bayern, Germany

Xempus is a pension and life insurance distribution platform.

Financial ServicesFinTechInsuranceInsurTechLife InsuranceSoftware
Series DMar 10, 2022
Amount Raised: $70,000,000
PubNub

San Francisco, California, United States

PubNub Data Stream Network is a secure global Data Stream Network that enables mobile and web developers to build and scale real-time apps.

AppsCloud ComputingDeveloper APIsInternet of ThingsMobileReal TimeSoftwareWeb Development
Series ENov 4, 2021
Amount Raised: $65,000,000
EGYM

Munich, Bayern, Germany

EGYM is a smart fitness startup that provides fitness and health facilities with intelligent workout solutions.

FitnessSportsWellness
Series ESep 16, 2021
Amount Raised: $41,000,000
Sendcloud

Eindhoven, Noord-Brabant, The Netherlands

SendCloud is an all-in-one shipping platform that connects online retailers to shipping carriers to save them time and money.

E-CommerceLogisticsShipping
Series CSep 15, 2021
Amount Raised: $177,000,000
EGYM

Munich, Bayern, Germany

EGYM is a smart fitness startup that provides fitness and health facilities with intelligent workout solutions.

FitnessSportsWellness
Series UnknownJan 1, 2021
Amount Raised: $34,035,063
PPRO

London, England, United Kingdom

PPRO is a fintech firm that provides digital payment solutions to banks and businesses.

BillingFinanceFinancial ServicesFinTechPayments
Private EquityMay 8, 2020
Amount Raised: $50,000,000
Xempus AG

Munich, Bayern, Germany

Xempus is a pension and life insurance distribution platform.

Financial ServicesFinTechInsuranceInsurTechLife InsuranceSoftware
Series CApr 6, 2020
Amount Raised: $26,997,432
Tiqets

Amsterdam, Noord-Holland, The Netherlands

Tiqets is a ticketing platform where visitors can find, buy, and use tickets for museums and attractions.

Media and EntertainmentMuseums and Historical SitesTicketingTravel
Series COct 29, 2019
Amount Raised: $60,000,000
Monedo

Hamburg, Hamburg, Germany

Monedo uses machine-learning technologies to provide access to better credit for the underbanked.

BankingBig DataFinanceFinancial ServicesFinTechMachine Learning
Series UnknownSep 25, 2019
Amount Raised: $21,902,710