What investment strategy does Cipio Partners focus on?

Cipio Partners focuses on Growth, Buyout strategies in the private equity space.

How many portfolio companies does Cipio Partners have?

Cipio Partners has 19 active portfolio companies and 6 completed exits and 2 funds tracked on GP Intel.

Where is Cipio Partners headquartered?

Cipio Partners is headquartered in Munich, Germany.

When was Cipio Partners founded?

Cipio Partners was founded in 2003.

What sectors does Cipio Partners invest in?

Cipio Partners invests across Software, TMT, Healthcare.

What are Cipio Partners's recent exits?

Recent realized exits by Cipio Partners include: La Ruche qui dit Oui (2025) to CrowdFarming; Launchmetrics (2024) to Lectra; Silicon Mobility (2024) to Intel Corporation; Blackwood Seven (2022) to The Kantar Group; Brightpearl (2021) to Sage Group; softgarden (2018) to Investcorp.

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Cipio Partners

Munich, Germany·Founded 2003·

Growth Equity Buyout

·cipiopartners.com

Cipio Partners is a Munich-headquartered growth capital and secondary-directs investment firm founded in 2003, one of the early pioneers of European growth equity, making direct minority and growth investments in software, software-enabled and selective deep-tech businesses that generate more than 10 million euros of revenue. The firm invests via secondary-direct structures, growth capital, preferred equity and deferred consideration, typically deploying 5 to 15 million euros initially across Europe, and is a full member of Invest Europe with a Luxembourg fund-domicile office alongside its Munich base.

AUM

–

Funds

vintages 2017–2021

Portfolio

Exits

Cipio Partners is a Munich growth equity firm with 19 active companies and 6 exits.

SectorsSoftware TMT Healthcare

Key takeaways

·5 exits in the last 5 years · consistent DPI cadence.
·Average hold across 6 realized deals: 4 years.
·Fund cadence: ~4Y between vintages · last raise 2021.

Sector breakdown

25 companies

SaaS

6 · 24%

Deep Tech

4 · 16%

Software

3 · 12%

AI/ML

2 · 8%

HR Tech

2 · 8%

HealthTech

1 · 4%

Fintech

1 · 4%

Aerospace & Defence

1 · 4%

Geography breakdown

8 geographies

Germany

9 · 36%

France

6 · 24%

3 · 12%

Denmark

2 · 8%

Romania

2 · 8%

Austria

1 · 4%

Sweden

1 · 4%

Spain

1 · 4%

Key facts

HQMunich, Germany

Founded2003

Employees18+

Websitecipiopartners.com

Recent exits

Cipio Partners sold La Ruche qui dit Oui to CrowdFarming in 2025 after 4 years.

Cipio Partners sold Launchmetrics to Lectra in 2024 after 6 years.

Cipio Partners sold Silicon Mobility to Intel Corporation in 2024 after 6 years.

Cipio Partners sold Blackwood Seven to The Kantar Group in 2022 after 4 years.

Coverage notes

2 funds tracked, 25 portfolio companies (19 active · 6 realized). Verified weekly from public filings and deal announcements.

Funds & portfolio

Every fund Cipio Partners has raised, with its portfolio companies. Hand-checked from public filings.

2 funds

Fund

Strategy

Vintage

Size

Assets

Exits

Cipio Partners Fund VIII

Growth2021€202M12 assets1 exits

Growth

2021 · 5yr

€202M

Unrealized

12 held

Company	Entry
Conceptboard SaaS · Germany	2025
Dawn Health HealthTech · Denmark	2026
Druid AI AI/ML · Romania	2025
FintechOS Fintech · Romania	2024
Giraffe360 SaaS · UK	2026
Hololight Deep Tech · Germany	2025
Isar Aerospace Aerospace & Defence · Germany	2026
NavVis Deep Tech · Germany	2021
Nuki Software · Austria	2021
Spiideo AI/ML · Sweden	2024
Welcome to the Jungle HR Tech · France	2023
Wire Cybersecurity · Germany	2022

Realized

1 exit

Company	Entry	Exit	Type	Buyer	MOIC
La Ruche qui dit Oui E-commerce · France	2021	2025	Trade Sale	CrowdFarming	–

Cipio Partners Fund VII

Growth2017€174M7 assets5 exits

Growth

2017 · 9yr

€174M

Unrealized

7 held

Company	Entry
Addvance Consumer · Germany	2018
Agorapulse SaaS · France	2019
B2X Business Services · Germany	2018
Microoled Deep Tech · France	2020
tyntec Telecom · Germany	2017
whisbi SaaS · Spain	2019
Zappi SaaS · UK	2019

Realized

5 exits

Company	Entry	Exit	Type	Buyer	MOIC
Blackwood Seven Software · Denmark	2018	2022	Trade Sale	The Kantar Group	–
Brightpearl SaaS · UK	2018	2021	Trade Sale	Sage Group	–
Launchmetrics Software · France	2018	2024	Trade Sale	Lectra	–
Silicon Mobility Deep Tech · France	2018	2024	Trade Sale	Intel Corporation	–
softgarden HR Tech · Germany	2017	2018	Secondary	Investcorp	–

Frequently asked questions

What investment strategy does Cipio Partners focus on?: Cipio Partners focuses on Growth, Buyout strategies in the private equity space.
How many portfolio companies does Cipio Partners have?: Cipio Partners has 19 active portfolio companies and 6 completed exits and 2 funds tracked on GP Intel.
Where is Cipio Partners headquartered?: Cipio Partners is headquartered in Munich, Germany.
When was Cipio Partners founded?: Cipio Partners was founded in 2003.
What sectors does Cipio Partners invest in?: Cipio Partners invests across Software, TMT, Healthcare.
What are Cipio Partners's recent exits?: Recent realized exits by Cipio Partners include: La Ruche qui dit Oui (2025) to CrowdFarming; Launchmetrics (2024) to Lectra; Silicon Mobility (2024) to Intel Corporation; Blackwood Seven (2022) to The Kantar Group; Brightpearl (2021) to Sage Group; softgarden (2018) to Investcorp.