ICE LAKE CAPITAL MANAGEMENT B.V.
ICE LAKE CAPITAL MANAGEMENT B.V. is a Series C+ and buyout fund in Benelux, DACH, Nordic and UK writing $10M–$40M checks into Climate, Enterprise, Fintech and regulatory-tech.
- Stages
- Series C+, buyout
- Sectors
- Climate, Enterprise, Fintech, regulatory-tech
- Check size
- $10M–$40M
- Invests in
- Benelux, DACH, Nordic, UK
- Round role
- Leads rounds
- Actively investing
- Yes
- Founded
- 2018
- Assets under management
- €315M
Thesis
Ice Lake Capital Management B.V. is a Netherlands-based investment firm specializing in European growth equity. They focus on late-stage venture and minority-growth transactions within the B2B software sector, targeting companies with at least €10 million in revenue and near profitability. Their strategy involves taking minority positions to support founder-led teams in accelerating international expansion, while retaining board governance rights. Key sectors include FinTech, regulatory technology, vertical SaaS, and climate-adaptation platforms, with a preference for companies whose products act as compliance or operational infrastructure. Operating between early-stage VC and mid-market PE, they fill a funding gap for European software companies. Typical investments range from €10 million to €40 million, often as primary capital with founder reinvestment. Their geographic scope primarily covers the Benelux and DACH regions, with deal flow extending to Nordic and UK markets. Ice Lake Capital Fund II closed at €315 million, and Fund III is an open buyout fund. The firm is an Exempt Reporting Adviser (ERA) with the SEC.
Common questions
Does ICE LAKE CAPITAL MANAGEMENT B.V. invest at the Series C+ stage?
Yes. ICE LAKE CAPITAL MANAGEMENT B.V. lists Series C+ and buyout among the stages it invests in.
What check size does ICE LAKE CAPITAL MANAGEMENT B.V. write?
ICE LAKE CAPITAL MANAGEMENT B.V. writes $10M–$40M checks.
Where does ICE LAKE CAPITAL MANAGEMENT B.V. invest?
ICE LAKE CAPITAL MANAGEMENT B.V. invests in Benelux, DACH, Nordic and UK.