𝗙𝗼𝗿𝘁𝗶𝗻𝗼 𝗖𝗮𝗽𝗶𝘁𝗮𝗹 𝗰𝗹𝗼𝘀𝗲𝘀 €𝟳𝟬𝟬𝗠 𝗣𝗘 𝗙𝘂𝗻𝗱 𝗜𝗜𝗜 𝗮𝘁 𝗵𝗮𝗿𝗱 𝗰𝗮𝗽

Fortino Capital, a specialist European investor in B2B software companies, has announced the final close of its third private equity fund, Fortino PE III, at €700 million, exceeding its €600 million target and closing at its extended hard cap.

The fund represents an 85% increase in size over Fortino PE II and drew strong backing from a diversified group of institutional LPs across Europe and the US, including pension funds, endowments, banks, consultants, sovereign wealth funds, and family offices.

With this close, Fortino has raised over €1.5 billion across six core funds and reinforced its focus on mission-critical B2B SaaS platforms—particularly in Benelux and DACH, where software penetration remains relatively low compared to global peers.

Active year, strong momentum

Fortino had a highly active 2025, completing five new platform investments across its strategies. Notably, the firm secured a major growth investment in Cenosco, led by Summit Partners—delivering a significant return to investors in Fortino PE I.

Fortino PE III has already backed three new platforms:

• Modell Aachen – software for quality & compliance process automation
• Seenons – platform for circular logistics and decarbonising waste flows
• MEHRWERK – process intelligence software for real-time operational insights

Strategy & team

Fortino’s differentiated model combines deep sector expertise in software with hands-on support from Operating Partners in go-to-market, product, AI, and scaling strategy. The close of Fortino PE III underscores investor conviction in this approach.

Mena

Fortino Capital