6 Degrees Capital has closed its third fund, 6 Degrees Capital Fund III, at EUR 154m, adding a meaningful new pool of capital to the European technology mid-market.
The firm announced the fundraise recently, positioning Fund III squarely in the EUR 10m–500m transaction band where European growth and lower mid-market technology deals are most active. Investors in the vehicle have not been disclosed.
A sizeable addition to EU tech mid-market capital
At EUR 154m, Fund III gives 6 Degrees Capital sufficient scale to lead or co-lead growth equity and smaller buyout transactions across Europe’s technology landscape. In a market where many specialist vehicles in the segment range from roughly EUR 100m to EUR 300m, the new fund lands in the core of the mid-market.
The mandate is technology-focused and EU-based, putting the fund in direct competition with a growing cohort of regional managers targeting software, digital infrastructure, and tech-enabled services assets that fall below the radar of large-cap private equity.
Undisclosed LP base, standard third-fund progression
The firm has not disclosed the investor base for Fund III, nor the composition of institutional versus private capital. That limits visibility on how much new international money is entering the European technology mid-market through this vehicle.
Even so, the close of a third fund signals a degree of continuity: raising successive vehicles typically reflects a manager’s ability to deploy and return capital at a level that satisfies existing backers. The EUR 154m size suggests 6 Degrees Capital has maintained or increased its fundraising capacity compared with typical emerging managers in the segment.
Implications for deal flow
With Fund III closed, 6 Degrees Capital is now positioned to participate actively in:
- Growth rounds for scaling European technology companies looking for EUR 10m–40m tickets.
- Smaller control deals or significant minority stakes where founders seek partial de-risking while retaining operational control.
- Follow-on financing to support bolt-on acquisitions or international expansion for portfolio companies.
For founders and existing shareholders in EU technology businesses, the fund represents an additional dedicated source of mid-market capital at a time when access to funding remains selective and valuation discipline has increased.
Limited transparency, clear mid-market relevance
The absence of detail on investors, specific sub-sector focus, or target ownership structures means the strategy remains only broadly defined in public. That makes it harder to benchmark 6 Degrees Capital Fund III precisely against other European technology funds on dimensions such as stage, ticket size, and risk profile.
However, from a mid-market perspective, the signal is clear: another specialised EUR 100m+ vehicle is now in the market, competing for European technology deals in the EUR 10m–500m value range and adding to the depth of capital available for transactions below the large-cap tier.
For the broader ecosystem, the closing of 6 Degrees Capital Fund III underlines that limited partners remain willing to back focused European technology strategies, even if they and their terms stay off the public record.