Thoma Bravo: First European Fund Closed At €1.8 Billion

By Amit Chowdhry • Mar 10, 2025

Thoma Bravo recently announced the completion of fundraising for its first European-focused fund Thoma Bravo Europe Fund, totaling approximately €1.8 billion in capital commitments.

The Europe Fund seeks to make equity investments in innovative, middle-market software businesses across core European software markets with the goal of supporting founders, entrepreneurs and management teams in scaling their businesses into European industry leaders.

Thoma Bravo has been investing in Europe for fourteen years, having deployed over €14 billion of equity across 16 transactions in the region. Since the opening of its first international office in London in 2023, Thoma Bravo’s European team made four investments across the Netherlands, Germany and Sweden, including the €400m take-private of EQS Group and growth investments in USU, Hypergene and LOGEX.

KEY QUOTES:

“Our first dedicated pool of capital for European software marks a significant milestone for our firm. We see an enormous opportunity to back Europe’s technology innovators and help them scale, and we are grateful for the long-term support of our investors in realizing this ambition.”

  • Orlando Bravo, a Founder and Managing Partner at Thoma Bravo

“The closing of our first Europe Fund represents a significant opportunity to deepen our presence in the region. Europe is digitizing rapidly, and leading software companies are increasingly looking for dedicated support and investment to accelerate their growth strategies. As a highly specialized investor, we bring decades of operational expertise and best practice that we believe can help turn the top regional software businesses into European champions and global leaders.”

  • Irina Hemmers, a Partner at Thoma Bravo and head of its European office