Founded in 2000, Newion has stayed focused on B2B software investing across the Benelux, Nordics, and Germany, backing companies that use software to modernize industries with complex, manual operations, such as restaurants, air cargo, construction, and compliance work. The firm keeps its fund size and portfolio concentrated—for example, its €130 million fourth fund was meant for only about 20 new startups—and it has backed early data and infrastructure companies like Collibra and Deliverect, while every investor from its earlier funds chose to invest again in the new one.