HPE Growth

HPE Growth Capital is a private equity firm based in Amsterdam, with additional offices in Düsseldorf and San Francisco, specializing in growth capital investments in technology sectors across Northern Western Europe, particularly in Germany and the Benelux region. Established in 2008, the firm manages assets exceeding €500 million and seeks to invest in companies with revenues typically between €10 million and €20 million, although it focuses on those exceeding €20 million. HPE Growth aims to deploy €10 million to €40 million per transaction, acquiring significant minority stakes between 20% and 49%. The firm targets high-growth software and internet-enabled businesses that have demonstrated stability and market potential, facilitating their expansion through equity investment and active support. Its investment strategy encompasses various technology domains, including software, fintech, healthcare technology, and advanced materials. The team at HPE Growth brings diverse expertise from prominent firms and industries, providing a robust network to support portfolio companies in achieving market leadership.

Simon Bramsche

Associate

Tim van Delden

Founder & Partner, Managing Partner

Nigel Diesveld

CFO and Chief Risk Officer

Harry Dolman

Partner

Frederic Huynen

Partner

Hans van Ierland

Founding-Partner

Martin Karschkes

Associate

Ronald Kemmeren

Vice President

Manfred Krikke

Managing Partner

Jonne de Leeuw

Principal

Titus Schurink

Chief Financial Officer

Adrian Schwarz

Associate

Jing Xie

Associate

31 past transactions

xbAV AG

Series D in 2022
xbAV AG is a German company based in Munich that specializes in the digitalization of corporate retirement solutions and life insurance. Founded in 2016, it offers an online platform and software solutions designed to streamline the interactions among employees, insurance companies, employers, and insurance brokers. xbAV AG's flagship products include xbAV-Berater, which provides advisory and administrative tools for insurance brokers, and bAV-Manager, which enables paperless policy administration. The company also offers employee access features that allow individuals to assess their pension gaps and explore available pension options. With a focus on user-friendly interfaces and efficient processes, xbAV AG connects various stakeholders through its software-as-a-service offerings, enhancing the management of pension and life insurance in a digital format. The company maintains offices in Munich, Berlin, and Saarbrücken.

PubNub

Series E in 2021
PubNub, Inc. is a provider of a Data Stream Network that enables developers to create real-time applications efficiently and at scale. Established in 2009 and headquartered in San Francisco, the company offers a suite of solutions, including a Realtime Communication Platform and PubNub Chat, which allows users to manage chat functionalities. PubNub's technology supports various industries such as healthcare, gaming, social and entertainment, rideshare, taxi and food delivery, fleet tracking, e-learning, IoT, IT/DevOps, and marketplaces. With over 70 software development kits (SDKs) and rapid data transfer times, PubNub's infrastructure allows for seamless connectivity and management of real-time applications and IoT devices across the globe.

eGym

Series E in 2021
EGYM makes the gym work for everyone. They provide gym operators, trainers and members with the technology to advance the user experience and thus make gyms more profitable. There is their own EGYM cloud where they connect all hardware on the training floor (supplier independent) into one cloud and they provide trainers and members via their Trainer App and Member App access to that data. As the strength area is typically purely mechanical they have even developed their own smart strength machines-connected to their cloud as well.

SendCloud

Series C in 2021
SendCloud BV is a software service provider based in Eindhoven, Netherlands, specializing in streamlining the shipment process for online and offline retailers. Founded in 2012, the company offers a platform that integrates webshops with multiple shipping carriers, allowing retailers to manage their shipping operations efficiently. By automating various steps in the shipping process, SendCloud enables webshop owners to save significant time and reduce costs, with average savings of over 30% in time and approximately one euro per package. The platform is designed for easy implementation, requiring minimal setup time from the retailer. SendCloud partners with prominent shipping carriers such as DHL, PostNL, and Bpost to provide transparent and cost-effective shipping solutions.

eGym

Venture Round in 2021
EGYM makes the gym work for everyone. They provide gym operators, trainers and members with the technology to advance the user experience and thus make gyms more profitable. There is their own EGYM cloud where they connect all hardware on the training floor (supplier independent) into one cloud and they provide trainers and members via their Trainer App and Member App access to that data. As the strength area is typically purely mechanical they have even developed their own smart strength machines-connected to their cloud as well.

PPRO

Private Equity Round in 2020
PPRO provides access, processing, and collection services for alternative payment methods and value added services. Founded in 2006, their vision from the start has been to simplify access to the many different payment methods required by consumers and businesses across the world. Today they offer a full range of flexible services for payment industry leaders as well as e-money issuing programs for consumers and corporate. Headquartered in the UK, they are FCA licensed to issue e-money, are principal members of Mastercard and VISA and continue to strengthen their links with alternative payment method schemes and banks around the world.

xbAV AG

Series C in 2020
xbAV AG is a German company based in Munich that specializes in the digitalization of corporate retirement solutions and life insurance. Founded in 2016, it offers an online platform and software solutions designed to streamline the interactions among employees, insurance companies, employers, and insurance brokers. xbAV AG's flagship products include xbAV-Berater, which provides advisory and administrative tools for insurance brokers, and bAV-Manager, which enables paperless policy administration. The company also offers employee access features that allow individuals to assess their pension gaps and explore available pension options. With a focus on user-friendly interfaces and efficient processes, xbAV AG connects various stakeholders through its software-as-a-service offerings, enhancing the management of pension and life insurance in a digital format. The company maintains offices in Munich, Berlin, and Saarbrücken.

Tiqets

Series C in 2019
Tiqets International B.V. is a ticketing platform that offers travelers a convenient way to find, purchase, and utilize tickets for various cultural and entertainment events, including museums, city tours, concerts, and sports matches. Founded in 2014 and headquartered in Amsterdam, the company provides both dated and non-dated event information through its mobile applications, enabling users to buy e-tickets instantly and avoid long lines at venues. Tiqets connects visitors with top attractions worldwide, ensuring a hassle-free experience with mobile ticketing options. Additionally, the platform offers museums and attractions technology solutions to enhance onsite conversion and marketing, encouraging repeat visits. With offices in multiple global cities, Tiqets has established itself as a prominent player in the travel and entertainment ticketing industry.

Monedo

Venture Round in 2019
Monedo Holding GmbH specializes in providing credit lending solutions through advanced technology, particularly focusing on the underbanked population. The company employs machine-learning algorithms and big data scoring to enhance credit decision-making and accessibility. Its product lineup includes customized installment loans, microloans through Kredito24, a digital wallet, and a personal finance manager aimed at helping customers manage their finances effectively. Additionally, Monedo offers a "Lending as a Service" model, enabling partners to integrate its credit products via API into their platforms. Founded in 2012 and headquartered in Hamburg, Germany, Monedo operates across multiple markets, including Poland, Romania, Russia, Spain, and Thailand, processing over four million loan applications to date. The company is led by CEO and Co-Founder Alexander Graubner-Müller and is supported by prominent investors.

Shape Security

Series F in 2019
Shape provides defense against malicious automated cyber-attacks on web and mobile applications. Shape has deflected over $1B in fraud losses for major retailers, financial institutions, airlines, and government agencies. Shape Security is headquartered in Silicon Valley and backed by Kleiner Perkins Caufield & Byers, Norwest Venture Partners, Venrock, Baseline Ventures, Google Ventures, WING VC and a host of other prominent investors. Shape was founded in 2011 to disrupt automated attacks on web and mobile applications.

WeTransfer

Secondary Market in 2019
WeTransfer provides a cloud-based platform for sending files globally, allowing users in 195 countries to transfer one billion files each month. Founded in 2009 and headquartered in the Netherlands and the United States, the company focuses on facilitating the seamless exchange of creative ideas. Its platform not only simplifies file transfers but also enhances workflow for professionals by offering a suite of creative productivity tools. These tools support collaboration, sharing, and the delivery of large files, ensuring users can efficiently manage their creative projects while maintaining security and ease of use.

Zava

Series A in 2019
Zava is an online doctor service in which real GPs prescribe real medicines in real time. Zava offers trustworthy, affordable and regulated medical consultations without the need for a face-to-face visit. Zava is a discreet and convenient way to get medical treatment, wherever and whenever you need it. No unnecessary questions. And you don't have to see a doctor in person. Their team are dedicated to helping you stay on top of your health. Simply complete a medical questionnaire, place your order and their doctors will check the treatment you’ve requested is suitable for you, or recommend an alternative. Once they’re happy, your order will be sent out safely and securely to your chosen address. Their service doesn’t end when you receive your order. If you have any questions at all about your treatment or condition, you can contact one of their doctors free of charge.

eGym

Series D in 2018
EGYM makes the gym work for everyone. They provide gym operators, trainers and members with the technology to advance the user experience and thus make gyms more profitable. There is their own EGYM cloud where they connect all hardware on the training floor (supplier independent) into one cloud and they provide trainers and members via their Trainer App and Member App access to that data. As the strength area is typically purely mechanical they have even developed their own smart strength machines-connected to their cloud as well.

Tiqets

Series B in 2018
Tiqets International B.V. is a ticketing platform that offers travelers a convenient way to find, purchase, and utilize tickets for various cultural and entertainment events, including museums, city tours, concerts, and sports matches. Founded in 2014 and headquartered in Amsterdam, the company provides both dated and non-dated event information through its mobile applications, enabling users to buy e-tickets instantly and avoid long lines at venues. Tiqets connects visitors with top attractions worldwide, ensuring a hassle-free experience with mobile ticketing options. Additionally, the platform offers museums and attractions technology solutions to enhance onsite conversion and marketing, encouraging repeat visits. With offices in multiple global cities, Tiqets has established itself as a prominent player in the travel and entertainment ticketing industry.

uberall

Series B in 2018
uberall brings together local businesses and customers – easier and cheaper than ever before. They ensure companies are found across all popular directories, mobile apps, maps, and GPS devices with consistent profile data, photos, descriptions and a host of rich data. They also facilitate better communication with customers through real-time notifications of reviews or messages on the various platforms. uberall is evolving into a communication and publishing platform that is used by local businesses of all sizes and will play a transformational role in the future of the "Yellow Pages industry". More than 100 Publishing Channels across the globe like Google, Facebook, Apple, Foursquare, TomTom, HERE, are currently connected to uberall. Additional channels will be added over time.

PPRO

Series C in 2018
PPRO provides access, processing, and collection services for alternative payment methods and value added services. Founded in 2006, their vision from the start has been to simplify access to the many different payment methods required by consumers and businesses across the world. Today they offer a full range of flexible services for payment industry leaders as well as e-money issuing programs for consumers and corporate. Headquartered in the UK, they are FCA licensed to issue e-money, are principal members of Mastercard and VISA and continue to strengthen their links with alternative payment method schemes and banks around the world.

uberall

Series B in 2018
uberall brings together local businesses and customers – easier and cheaper than ever before. They ensure companies are found across all popular directories, mobile apps, maps, and GPS devices with consistent profile data, photos, descriptions and a host of rich data. They also facilitate better communication with customers through real-time notifications of reviews or messages on the various platforms. uberall is evolving into a communication and publishing platform that is used by local businesses of all sizes and will play a transformational role in the future of the "Yellow Pages industry". More than 100 Publishing Channels across the globe like Google, Facebook, Apple, Foursquare, TomTom, HERE, are currently connected to uberall. Additional channels will be added over time.

NGDATA

Series C in 2017
NGDATA develops data management systems. The company offers Lily, a big data management system that extracts business insights in real-time and benefits from enriched data in real-time. It serves retail and e-commerce; news, publishing, and media; finance, credit, and insurance; and telecom domains. The company is based in Ghent, Belgium with an additional office in Singapore; and Paris, France.

Tiqets

Series B in 2017
Tiqets International B.V. is a ticketing platform that offers travelers a convenient way to find, purchase, and utilize tickets for various cultural and entertainment events, including museums, city tours, concerts, and sports matches. Founded in 2014 and headquartered in Amsterdam, the company provides both dated and non-dated event information through its mobile applications, enabling users to buy e-tickets instantly and avoid long lines at venues. Tiqets connects visitors with top attractions worldwide, ensuring a hassle-free experience with mobile ticketing options. Additionally, the platform offers museums and attractions technology solutions to enhance onsite conversion and marketing, encouraging repeat visits. With offices in multiple global cities, Tiqets has established itself as a prominent player in the travel and entertainment ticketing industry.

Aevi

Venture Round in 2016
Aevi International GmbH is a technology company based in Paderborn, Germany, that specializes in creating an open ecosystem for payment solutions. Founded in 2015, Aevi develops the Digital Service Center, a vendor-agnostic platform that allows merchant solution providers to select and customize applications, payment services, and compatible devices to enhance their digital strategies. The company serves various sectors, including retail, hospitality, postal services, and financial services, enabling providers to transition from traditional payment methods to a more versatile environment that integrates apps and smart devices. By facilitating a collaborative ecosystem among merchant solution providers, app developers, and device vendors, Aevi simplifies the payment landscape, offering a single integration point and fostering flexibility and choice. This approach not only streamlines operations but also supports the acquisition of new merchants, customer retention, cost savings, and the development of new revenue streams. Aevi operates internationally, with additional offices in the United Kingdom and the Czech Republic, and is a subsidiary of Wincor Nixdorf International GmbH.

eGym

Series C in 2016
EGYM makes the gym work for everyone. They provide gym operators, trainers and members with the technology to advance the user experience and thus make gyms more profitable. There is their own EGYM cloud where they connect all hardware on the training floor (supplier independent) into one cloud and they provide trainers and members via their Trainer App and Member App access to that data. As the strength area is typically purely mechanical they have even developed their own smart strength machines-connected to their cloud as well.

Airborne Technology

Private Equity Round in 2016
Airborne International is engaged in engineering, manufacturing, and supplying high-end composites structures for industries such as aerospace, defense, marine, high-end bicycles, and formula-one cars. It offers composites structures maintenance and repair services, including inspection and damage assessment, sealing and painting, and balancing. The company was founded in 1995 and is based in The Hague, the Netherlands.

Monedo

Series C in 2015
Monedo Holding GmbH specializes in providing credit lending solutions through advanced technology, particularly focusing on the underbanked population. The company employs machine-learning algorithms and big data scoring to enhance credit decision-making and accessibility. Its product lineup includes customized installment loans, microloans through Kredito24, a digital wallet, and a personal finance manager aimed at helping customers manage their finances effectively. Additionally, Monedo offers a "Lending as a Service" model, enabling partners to integrate its credit products via API into their platforms. Founded in 2012 and headquartered in Hamburg, Germany, Monedo operates across multiple markets, including Poland, Romania, Russia, Spain, and Thailand, processing over four million loan applications to date. The company is led by CEO and Co-Founder Alexander Graubner-Müller and is supported by prominent investors.

Monedo

Secondary Market in 2014
Monedo Holding GmbH specializes in providing credit lending solutions through advanced technology, particularly focusing on the underbanked population. The company employs machine-learning algorithms and big data scoring to enhance credit decision-making and accessibility. Its product lineup includes customized installment loans, microloans through Kredito24, a digital wallet, and a personal finance manager aimed at helping customers manage their finances effectively. Additionally, Monedo offers a "Lending as a Service" model, enabling partners to integrate its credit products via API into their platforms. Founded in 2012 and headquartered in Hamburg, Germany, Monedo operates across multiple markets, including Poland, Romania, Russia, Spain, and Thailand, processing over four million loan applications to date. The company is led by CEO and Co-Founder Alexander Graubner-Müller and is supported by prominent investors.

Monedo

Series B in 2014
Monedo Holding GmbH specializes in providing credit lending solutions through advanced technology, particularly focusing on the underbanked population. The company employs machine-learning algorithms and big data scoring to enhance credit decision-making and accessibility. Its product lineup includes customized installment loans, microloans through Kredito24, a digital wallet, and a personal finance manager aimed at helping customers manage their finances effectively. Additionally, Monedo offers a "Lending as a Service" model, enabling partners to integrate its credit products via API into their platforms. Founded in 2012 and headquartered in Hamburg, Germany, Monedo operates across multiple markets, including Poland, Romania, Russia, Spain, and Thailand, processing over four million loan applications to date. The company is led by CEO and Co-Founder Alexander Graubner-Müller and is supported by prominent investors.

Airborne Technology

Private Equity Round in 2014
Airborne International is engaged in engineering, manufacturing, and supplying high-end composites structures for industries such as aerospace, defense, marine, high-end bicycles, and formula-one cars. It offers composites structures maintenance and repair services, including inspection and damage assessment, sealing and painting, and balancing. The company was founded in 1995 and is based in The Hague, the Netherlands.

PPRO

Series A in 2014
PPRO provides access, processing, and collection services for alternative payment methods and value added services. Founded in 2006, their vision from the start has been to simplify access to the many different payment methods required by consumers and businesses across the world. Today they offer a full range of flexible services for payment industry leaders as well as e-money issuing programs for consumers and corporate. Headquartered in the UK, they are FCA licensed to issue e-money, are principal members of Mastercard and VISA and continue to strengthen their links with alternative payment method schemes and banks around the world.

Cotesa

Acquisition in 2012
COTESA GmbH designs and manufactures composite fiber components for aviation, automotive engineering, and industrial applications. The company’s products include complex carbon fiber reinforced polymer composites (CFRP) components, such as profiles and stiffeners, multi-dimensional GRP sandwich structures, and hybrid components, including drive shafts. It also offers services in the areas of industrial process management, materials laboratory, construction and calculation, technology development, and production. COTESA GmbH was founded in 2002 and is based in Mittweida, Germany.

Cotesa

Venture Round in 2012
COTESA GmbH designs and manufactures composite fiber components for aviation, automotive engineering, and industrial applications. The company’s products include complex carbon fiber reinforced polymer composites (CFRP) components, such as profiles and stiffeners, multi-dimensional GRP sandwich structures, and hybrid components, including drive shafts. It also offers services in the areas of industrial process management, materials laboratory, construction and calculation, technology development, and production. COTESA GmbH was founded in 2002 and is based in Mittweida, Germany.

SFC

Post in 2010
SFC Energy AG specializes in the development, production, and distribution of power generation systems and components based on fuel cells and other technologies for both off-grid and on-grid applications. The company operates in several sectors, including Oil & Gas, Defense & Security, Industry, and Clean Energy & Mobility. SFC Energy offers a variety of solutions, including SCADA systems for monitoring production facilities, energy automation solutions, and variable frequency drive systems for controlling equipment. Its product range includes hybrid fuel cell solutions for off-grid power, portable power supplies for military and surveillance vehicles, and various fuel cell technologies designed for industrial and consumer use. The company aims to provide innovative energy solutions that cater to diverse needs, including maintenance-free and weatherproof power supplies. Founded in 2000 and headquartered in Brunnthal, Germany, SFC Energy AG was formerly known as SFC Smart Fuel Cell AG until its rebranding in 2010.

Airborne Technology

Funding Round in 2010
Airborne International is engaged in engineering, manufacturing, and supplying high-end composites structures for industries such as aerospace, defense, marine, high-end bicycles, and formula-one cars. It offers composites structures maintenance and repair services, including inspection and damage assessment, sealing and painting, and balancing. The company was founded in 1995 and is based in The Hague, the Netherlands.