Kennet Partners has successfully closed a €266 million fund aimed at investing in European B2B SaaS startups. The fund will allocate up to €50 million per investment. This development highlights a growing trend in Europe, which has been criticized for lacking sufficient growth capital compared to the U.S. This fund is part of a broader movement, as other firms also announce significant fundraising efforts, including Siddhi Capital's $135 million for consumer packaged goods startups and Moxxie Ventures' $95 million third fund. Additionally, Zoe, a microbiome-focused nutrition company, has raised $15 million to expand its operations in the U.S.