Main Capital closes €5.25B for enterprise software
Main Capital Partners closed two funds totalling €5.25B to back profitable software companies across Europe, North America and the UK.
Not all AI-era software capital is going into frontier startups. Main Capital’s new funds show that profitable enterprise software companies are still attracting large pools of capital.
What happened
Main Capital Partners closed two funds totalling €5.25B: Main Capital IX at €4B and Main Foundation III at €1.25B.
The firm will back profitable software companies across Europe, North America and, for the first time, the UK.
Why it matters
This is a major software investment signal.
While venture attention is focused on AI-native startups, buyout and growth investors are also targeting established software businesses that can be scaled or transformed with AI.
The bigger picture
The AI transition may create opportunities beyond new company formation. Existing software companies with customers, revenue and workflows can become valuable platforms for AI-enabled upgrades.