Investment Summary

Fortino Capital Invests In Penbox

On December 1, 2021, venture capital firm Fortino Capital invested in software company Penbox

Investment Highlights
  • This is Fortino Capital’s 10th transaction in the Software sector.
  • This is Fortino Capital’s 9th transaction in Belgium.

Investment Summary

Date 2021-12-01
Target Penbox
Sector Software
Investor(s) Fortino Capital
Deal Type Venture

Target

Penbox

Ixelles, Belgium
Penbox is a tech start-up specializing in the collection of documents and structured information. Today, the company effectively reduces the administrative burden of more than 130 insurance brokers, helping them focus on their advisory business. Penbox was launched in 2019 and is headquartered in Ixelles, Belgium.

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Investor(S) 1

Investor

Fortino Capital

Investor Investor Investor Investor Investor


Category Venture Capital Firm
Founded 2013
PE ASSETS 340M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Fortino Capital is an early to later stage investment firm focused on providing growth capital to small and medium-sized companies in the Benelux region of Europe. The Firm's venture unit looks to invest €1 to €5 million for majority stakes in software and e-commerce companies with proven products/traction. The Firm's growth capital unit invests in ambitious scale-ups and more mature business (SMEs) which are challenged by industry innovation and organization change. Fortino's growth unit looks to invest €5 to €25 million for majority or minority positions. Fortino Capital was formed in 2013 and is headquartered in Zaventem, Belgium.


DEAL STATS #
Overall 19 of 29
Sector: Software M&A 10 of 14
Type: Venture M&A Deals 7 of 9
Country: Belgium M&A 9 of 12
Year: 2021 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-23 Peers Solutions

Berlin, Germany

Peers Solutions is a globally unique learning platform for individualized training at your fingertips. Based on artificial intelligence, the start-up identifies learning needs and finds suitable learning offers from the market, supplemented by their customers' own content. Peers Solutions was launched in 20196 and is based in Berlin, Germany.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-13 Reveall

Amsterdam, Netherlands

Reveall is a software platform that helps teams make their customer research and feedback data actionable. Reveall serves a number of industry-leading businesses, including WeTransfer, Signify, and PostNL. Reveall was founded in 2021 and is headquartered in Amsterdam, Netherlands.

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