Recognize Closes $1.7 Billion Fund for Digital Services Investments

Recognize has announced the final close of its second fund, Recognize Partners II, with over $1.7 billion in total commitments, announced in a press release. The fund aims to accelerate the growth of next-generation Digital Services companies that leverage AI, software, and digital platforms.

The fund was oversubscribed and reached its hard cap in under five months, with strong participation from existing investors and significant demand from new blue-chip investors. Recognize II will focus on investing in companies with enterprise values between $50 million and $500 million.

Over the past six months, Recognize has made four new platform investments, including SDG Corporation, Sprout, TRANZACT, and HealthEdge. The firm also completed two realization events earlier this year, including the exit of AST to IBM and a partial exit of 2X through a strategic investment by Insight Partners.