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Smile Sail is an Evergreen Private Equity fund
that supports ambitious entrepreneurs and management teams 
in growing into Software & AI Leaders (‘Sail’)

Our approach
Insight_3
Fund news
Smile Software & AI has successfully closed its fundraising at €260 million
15 April 2025
Insight_2
Fund news
Urbain Vandeurzen: ‘Our industry is at the point of make or break’
23 January 2025
Insight_1
Fund news
Urbain Vandeurzen launches a new multi-million fund
18 December 2024

About us

Largest Benelux based Evergreen Private Equity fund for Software & AI entrepreneurs.

 

Investing in European B2B Software & AI

€260 million Evergreen Private Equity fund

Smile Sail is an Evergreen Private Equity fund focusing on Software and AI entrepreneurs. We aim to take a majority or minority position in European B2B Software and IT services businesses, and look to invest €5 to €50 million of equity.

1
bn+

asset under management (AUM) across the Smile group

Entrepreneurs for entrepreneurs

We are backed by 30+ Entrepreneurs and Entrepreneurial family offices.

With this entrepreneurial DNA at our core, we invest more than just capital – we bring knowledge, experience and a powerful international and local network to every partnership.

100
%

backed by entrepreneurs, founders, operators and captains of industry

True Partnerships

We build partnerships based on mutual respect, integrity, and best-in-class professionalism.

All at Smile Sail share the passion for building market leading companies in Software and AI through an approach that is both impactful and respectful. We join founders as true partners, aligned on a clear course and fully committed to navigating the journey together.

2017

Track record of 8+ years since first Smile evergreen fund launch

Our focus

We partner with software and services businesses in their ambition to become market leaders or expand their leadership position. We combine flexible capital, true partnerships, entrepreneurial DNA, deep sector know-how, and hands-on strategic & operational support to help them harness momentum and reach their full potential.

Our approach

Our sweet spot

Growth & Buy Out Capital at the intersection of sector expertise, B2B Software & IT solutions, boosted by Data & AI technologies. 

Data & AI technologies

Prioritizing companies where data and AI are or can be core value drivers 

B2B Software &
IT services

Supporting transformative B2B Software and software-enabled services

Key areas of focus

Core verticals of interest include Healthcare, Industry 5.0, and Financial & Business Services

Our team

Local Roots. Global Expertise.

At our core is a culture of innovation, collaboration and ambition to create strategic, long-term value.

Having built, led, and invested in B2B software, AI, and IT services companies at every stage, our team brings not just knowledge and resources, but the shared drive to make big things happen.

Meet the team

Our latest insights

See insights
Insight_3
Fund news
Smile Software & AI has successfully closed its fundraising at €260 million
15 April 2025
Insight_2
Fund news
Urbain Vandeurzen: ‘Our industry is at the point of make or break’
23 January 2025
Insight_1
Fund news
Urbain Vandeurzen launches a new multi-million fund
18 December 2024