Eurazeo Invests in 3P, Bolstering Public Procurement Solutions in Europe

Eurazeo has entered exclusive negotiations to invest in 3P, a leading software provider for public procurement in Belgium and France. This marks Eurazeo PME IV's eleventh investment and its third outside France, showcasing its expertise in supporting fast-growing European tech mid-market firms.

Founded in 2001 and headquartered in Belgium, 3P offers a platform for automating and optimizing procurement processes, used by over 2,000 public clients, including municipalities, hospitals, and universities. The company has seen double-digit growth, helping entities save time and reduce administrative burdens.

The investment aims to accelerate 3P's European expansion, with backing from its founders, 3d investors, and ING, who will reinvest alongside Eurazeo. Both 3P's CEO and Eurazeo express confidence in the partnership's potential to enhance 3P's market presence across Europe.