Cipio Partners

Cipio Partners is an investment firm based in Munich, Germany, with an additional office in Luxembourg, specializing in secondary direct investments in growth-stage technology companies. Founded in 2003, the firm focuses on late-stage, mature, and middle-market opportunities, primarily within sectors such as software, technology-enabled B2B products and services, digital media, semiconductors, cleantech, and medical technology. Cipio Partners typically invests between €3 million and €10 million per company, targeting businesses with revenues ranging from €10 million to €100 million. The firm seeks significant minority stakes, generally between 10% and 35%, and is open to expanding its ownership through further secondary purchases. Cipio Partners may engage in various transaction structures, including simple cash purchases, earn-outs, and recapitalizations, and is particularly interested in companies based in Europe and Israel.