News on investments – September 2023

Published on October 10, 2023

Hi there,

As we transition into the final quarter of 2023, this year has brought Newion a blend of milestones and challenges. Among them, the loss of our venture partner, Erik Averink, deeply affected our team. Erik’s contributions were foundational, and his influence continues to guide our endeavors.

Just before summer, we enthusiastically announced our initial investment in delphai, the Berlin-based firmographics innovator. In the second quarter, we welcomed Fatin El Azear as our new fund CFO. Additionally, our portfolio companies, Dexter and Salonkee, secured €11 million and €28 million in Series-B investment rounds, and we were there to support their growth.

This summer, we proudly introduced Ellie, the latest addition to the Newion IV fund. Operating out of Helsinki, Ellie marks our first investment in Finland. The company is dedicated to eliminating all communication barriers between business teams and data engineers—an exciting development!

This brings our Newion IV portfolio to a total of 6 companies, a promising start after just over four active quarters.

As an engaging summer read, our partners at ProductHub released a paper on our website, emphasizing the importance of a well-defined product roadmap and sharing valuable insights to unlock its full potential. The feedback has been exceptional, so be sure to give it a read if you haven’t already. 😊

The fourth quarter is packed with exciting events. In the upcoming months, you can find us at ARRtist in Berlin, SaaStock in Dublin, The Big Score in Ghent, SaaS Summit in Amersfoort, and Slush in Helsinki. We’re eagerly anticipating the opportunity to connect with you there!

Last but not least, we’re proud to announce that we have been recognized by Pitchbook in their list of ten best-performing VC fund families, globally. A nice reward for our work and a testament to all the outstanding founders we’ve partnered with, who have played the crucial role in making this achievement possible.

Warm regards,

The Newion Team

💼 Portfolio News

🆕delphai: €5M Seed Round

On June 8th, we announced the initial investment into delphai, the Berlin-based firmographics disruptor. We led this round together with our Amsterdam neighbors at Airbridge Equity Partners. Please read the press release here. Click here to read our reasoning behind the investment, written by our colleague Denisa Koci.

🆕Ellie: €2.5M Seed Round

On August 31st, we announced the initial investment into Ellie, our first investment in a Finnish company. The team is out to help enterprises in enabling easy communication on data products, no matter the technical skill level of the employees involved. The team envisions that Data projects in the enterprise can go from an 80% failure rate to an 80% success rate. We led the round together with Crowberry Capital. Click here to read the press release. You can find our investment rationale here.

🔁Dexter Energy: €11M Series B

On April 18th, we announced that Dexter Energy secured a €10.5m in Series B funding to further accelerate the energy transition toward a fully renewable power system. The round was led by ETF Partners. Read the press release here.

🔁Salonkee: €28M Series B

On June 7th, Salonkee announced its newest round: a €28M series B investment round, led by Peakspan. The goal of this round is to double down on their growth to become the European leader of Salon Management Software. Click here to read the press release.

🎪 Events

This Quarter you can find us here:

EventCity, Country
ARRtist SummitBerlin, Germany
SaaStockDublin, Ireland
The Big ScoreGhent, Belgium
SaaSSummitAmersfoort, the Netherlands
SlushHelsinki, Finland

🤓 Adding value to your roadmap

Insights by ProductHub

For this quarter’s B2B SaaS knowledge-sharing piece, Wilco and Wouter from ProductHub share with us insights into their reworked framework for a functional and efficient product roadmap. Click here to read their insights.

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