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Cipio Partners

Cipio Partners

Munich, Germany·Founded 2003··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
2
vintages 2017–2021
Portfolio
19
Exits
6

Key facts

HQMunich, Germany
Founded2003
Employees18+

Recent exits

La Ruche qui dit Oui
La Ruche qui dit Oui
E-commerce2025 · 4yr hold
Launchmetrics
Software2024 · 6yr hold
Silicon Mobility
Deep Tech2024 · 6yr hold
Blackwood Seven
Software2022 · 4yr hold

Coverage notes

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

Sector breakdown

25 companies
SaaS
8 · 32%
Deep Tech
5 · 20%
Software
4 · 16%
HealthTech
1 · 4%
Fintech
1 · 4%
E-commerce
1 · 4%
AI/ML
1 · 4%
Cybersecurity
1 · 4%

Funds & portfolio

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

2 funds
Cipio Partners Fund VIIIGrowth
2021 · 5yr€202M12 active · 1 realized

Unrealized

12 held
Conceptboard
ConceptboardActive
SaaSGermany· Entry 2025
Dawn HealthActive
HealthTechDenmark· Entry 2026
Druid AI
Druid AIActive
SoftwareRomania· Entry 2025
FintechOSActive
FintechRomania· Entry 2024
Giraffe360
Giraffe360Active
SaaSUK· Entry 2026
HololightActive
Deep TechGermany· Entry 2025
Deep TechGermany· Entry 2026
NavVis
NavVisActive
Deep TechGermany· Entry 2021
Nuki
NukiActive
SoftwareAustria· Entry 2021
SpiideoActive
AI/MLSweden· Entry 2024
SaaSFrance· Entry 2023
Wire
WireActive
CybersecurityGermany· Entry 2022

Realized

1 exit
E-commerceFrance· Entry 2021
Trade Saleto
Cipio Partners Fund VIIGrowth
2017 · 9yr€174M7 active · 5 realized

Unrealized

7 held
AddvanceActive
ConsumerGermany· Entry 2018
Agorapulse
AgorapulseActive
SaaSFrance· Entry 2019
B2X
B2XActive
Business ServicesGermany· Entry 2018
MICROOLED
MicrooledActive
Deep TechFrance· Entry 2020
tyntec
tyntecActive
TMTGermany· Entry 2017
whisbiActive
SaaSSpain· Entry 2019
Zappi
ZappiActive
SaaSUK· Entry 2019

Realized

5 exits
Blackwood SevenExited 2022
SoftwareDenmark· Entry 2018
Trade Saleto
BrightpearlExited 2021
SaaSUK· Entry 2018
Trade Saleto
LaunchmetricsExited 2024
SoftwareFrance· Entry 2018
Trade Saleto
Silicon MobilityExited 2024
Deep TechFrance· Entry 2018
Trade Saleto
softgarden
softgardenExited 2018
SaaSGermany· Entry 2017
Secondaryto
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Last updated August 2026 · Sourced from public filings · Report an issue