Stock exchange operator Deutsche Börse Group has contributed capital to Digital Growth Fund I, a growth-stage fund raised by Germany-based venture capital firm Digital+ Partners, Mondovsione has reported.
The fund’s first tranche has been closed at approximately €132m ($139m), and it will invest in business-to-business software providers. It will provide between €20m and €30m for each company which will be provided over several rounds.
Carsten Kengeter, CEO of Deutsche Börse, said: “Innovative and fast-growing companies are essential to our economic development. And so we support initiatives to ease their access to capital.
“Our investment in the fund launched by Digital+ Partners is the perfect supplement to our own direct investments in fintech firms via the DB1 Ventures platform.”
The fund’s limited partners also include optics and optoelectronics manufacturer Zeiss.