# Newion

Newion is a Private Equity based in Amsterdam, Netherlands.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Amsterdam, Netherlands
- **Region:** Europe
- **Address:** Herengracht 582, 1017 CJ Amsterdam, Netherlands
- **Founded:** 2000
- **Assets under management:** €300M (Altss estimate)
- **Website:** newion.com

## Regulatory record

- **Reports private funds:** No

## About

Newion was founded in 2000 by Patrick Polak, an aerospace engineer who moved into venture capital in 1997. The Amsterdam-based firm predates the European SaaS wave by over a decade and has navigated multiple technology cycles with a deliberately narrow mandate: early-stage and expansion-stage business software companies. Its partners, including long-tenured leads Mathijs R. de Wit and Frank Claassen, have built a portfolio that stretches from legacy mainframe modernization to modern AI applications. The firm invests primarily at Seed and Series A, with ticket sizes between €1 million and €10 million in rounds of up to €20 million, and targets founders building scalable B2B SaaS, cloud, and software platforms. Its portfolio is geographically concentrated in Northern and Western Europe, with named portfolio companies including Collibra, a Belgian-founded data governance market leader, Deliverect, a food-delivery SaaS platform from Ghent, and Parloa, a German conversational AI company. Deals span the Netherlands, Belgium, Germany, Finland, Sweden, Denmark, and Luxembourg. Newion’s approach emphasizes close partnership in the 12 to 18 months post-investment, when founders sequence product-market fit and early go-to-market decisions. Newion lists 14 team members on its website as of mid-2026, including six named partners. Patrick Polak and Frank Claassen serve as Partners for Fund I-IV, signaling a long-duration commitment structure. The firm does not publicize a philanthropic foundation or co-investor club, but it maintains a compact, debate-driven investment culture where all partners shape decisions collectively. In March 2026, the firm published a series of “spotlight stories” on its website detailing how its investment decisions take shape alongside founders, reinforcing its emphasis on process over thematics. Newion’s structural distinction lies in its endurance and single-stage focus. It has operated as the same legal entity, Newion Partners B.V., for over 25 years, avoiding the label proliferation and strategy drift common in venture.

## Sectors

- Enterprise Software
- AI/ML
- Workflow Automation
- Data Analytics
- SaaS

## People

- Patrick Polak — Co-founder, Partner Fund I-IV
- Mathijs R. de Wit — Managing Partner
- Pieter Welten — Partner
- Dorus Olgers — Partner
- Fatin El Azear — CFO/Partner
- Frank Claassen — Partner Fund I-IV

## Questions

### Who runs investment decisions at Newion?

Investment decisions are made collectively by the partner group, which includes co-founder Patrick Polak, Managing Partner Mathijs R. de Wit, and Partners Pieter Welten, Dorus Olgers, Fatin El Azear, and Frank Claassen. The firm describes its process as debate-driven: the team challenges assumptions until reasoning is clear, then aligns and acts.

### Does Newion invest outside of Europe?

No. Newion’s mandate is pan-European only, with confirmed holdings in the Netherlands, Belgium, Germany, Finland, Sweden, Denmark, and Luxembourg. The firm has not disclosed investments outside of Northern and Western Europe.

### What is Newion’s relationship with Collibra?

Newion invested in Collibra in 2011 when the data governance software company was based in Brussels. Collibra has since become a market leader in its category and remains one of the most prominent exits in Newion's two-decade portfolio.

### Which sectors does Newion explicitly avoid?

Newion invests exclusively in digital tech and business software. The firm does not invest in hardware, biotech, cleantech, deep science, or consumer internet companies unless the business model is fundamentally software-based. Its negative screen is effectively anything outside B2B technology.

## Related profiles

- [New Insight Capital](https://altss.com/profile/new-insight-capital)
- [New Ireland Assurance](https://altss.com/profile/new-ireland-assurance)

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Last updated: 2026-08-11T02:43:31.692Z

Canonical page: https://altss.com/profile/newion-investments

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