It’s been a busy 2023 as we have continued to grow our team and back innovative tech and life sciences businesses across Europe. We have seen strong demand from Europe’s best entrepreneurs and equity investors, and are thrilled to have reached a significant milestone, with Claret funds investing their 1 billionth euro in July this year!

We’re delighted to have welcomed 19 new companies into the Fund III portfolio – including Botify, Tiqets, Spiideo, Zen Educate, hepster, Endomag, Phoenix Technologies, Cardiac Dimensions, Synapticon, and Abivax, amongst others.  

Claret funds have further invested in many existing portfolio companies as they continue to scale, with 27 follow on tranches and new facilities totalling over €60m.

Exits this year from across Funds I, II, and III, included Butternut Box, Logpoint, Teqcycle, Movinga, and one substantial IPO by Abivax which raised $230m on NASDAQ in October.

We’d like to thank the funds’ investors, partners, and all of the portfolio companies for making 2023 a success, and look forward to the year ahead as we continue to support the current portfolio and look to partner with more leadership teams disrupting the industries that they work in.

Investor Day 2023

This April we hosted our first in-person annual Investor Day since 2019, with over 200 attendees including the funds’ current portfolio companies, investors, and many of our peers from the VC and early-stage investment community. We were delighted to welcome Sir Steve Redgrave as the keynote speaker, with a focus on motivation, success, and overcoming obstacles in his career. Thanks to all those who took part and joined the event.

€72m Opportunity Fund Launch

Following the announcement in 2022 of the €297m European Growth Capital Fund III, we were delighted with the launch of the Claret European Growth Opportunities Annex Fund I in May this year. The fund will provide follow-on funding to strongly performing portfolio companies. We’re excited about the opportunities this will provide for the portfolio companies, and look forward to working with them to achieve their full potential.

Team News

There have been 8 new additions to the team this year on both the deal and support side of the business, as well as a number of promotions including those of Paul Bramley, Nick Smith, Philippe Treacy, Charlotte Stephenson, and Max Haigh. 

Team culture is incredibly important at Claret, and we have held a number of events over the year to foster team building and understand more about the various aspects and functions of the business.

Many of us have taken part in external competitive events to raise funds for their chosen charities and we are incredibly proud of the efforts we have seen. Charities supported have included The Royal Air Force Benevolent Fund and The National Autistic Society, to name a few.

Wishing everyone a wonderful festive season and best wishes for 2024!

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