What stage does Bregal Milestone invest at?

Bregal Milestone invests at the Growth stage.

What is Bregal Milestone's typical check size?

Bregal Milestone typically writes checks of $33M – $165M.

What sectors does Bregal Milestone focus on?

Bregal Milestone focuses on Enterprise Software, SaaS.

Where is Bregal Milestone located?

Bregal Milestone is headquartered in London, GB.

Does Bregal Milestone lead rounds?

Yes, Bregal Milestone leads investment rounds.

Bregal Milestone

Growth equity

London · Growth · 6 people tracked

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✨ Fox Verdict

Investment thesis

The firm invests in rapidly expanding, mission-critical software companies across Europe with a track record of building market leaders. Bregal Milestone positions itself as more than a capital provider, viewing their role as an extension of portfolio company teams to support growth.

Invests inEnterprise Software SaaS Europe London

Source: firm website, verified Aug 6, 2026.

Stage

Growth

Check

$33M – $165M

London, GB

Leads rounds

Leads

Instruments

Equity

Tracked investments

Team · 6 people

from the firm's website

Cyrus Shey· Managing Partner· London, England, United Kingdomin

Cyrus Shey is a Managing Partner of Bregal Milestone and sits on the firm's investment committee. Before co-founding Bregal Milestone, he co-founded and led the European middle market lending business at Credit Suisse, and previously held senior roles at Goldman Sachs focused on leveraged buyouts and growth capital financings. He began his career as a strategy consultant at Accenture in London and holds a B.Sc. in Business Administration from Georgetown University.

c•••@bregalmilestone.comreveal

Ian Kwok· Partner· Greater London, England, United Kingdomin

Ian Kwok is a Partner at Bregal Milestone, contributing operating and technology sector experience to management teams. He previously served as a Vice President at Insight Partners, helping portfolio companies build go-to-market teams, and earlier led Sales Strategy and Operations at ZocDoc; he also owned an automotive dealership group that was sold to Lithia Motors in 2014, and began his career at Centerview Partners working on M&A transactions. He holds an MBA from the Wharton School at the University of Pennsylvania and a BA from Pomona College.

i•••@bregalmilestone.comreveal

Rob Hetherington· Partner· Greater London, England, United Kingdomin

Rob Hetherington is a Partner at Bregal Milestone, where he leads the in-house value creation team, Milestone Performance Partners (MPP). Before joining the firm, he spent 25 years in the software and services sectors, holding leadership roles at SAP and Blue Prism and serving as a senior partner with pan-European responsibilities at Accenture and Cap Gemini. His work centers on operational support to help portfolio companies scale and grow enterprise value. He holds an MBA from London Business School and a B.Com degree.

r•••@bregalmilestone.comreveal

Sebastian Charpentier· Principal· Greater London, England, United Kingdomin

Sebastian Charpentier is a Principal at Bregal Milestone. Before joining the firm, he worked as an Investment Banking Analyst at Houlihan Lokey on the Data & Analytics M&A team, advising companies on transactions. He holds a BSc in Politics from the University of Bristol and an MA in International Political Economy from King's College London.

s•••@bregalmilestone.comreveal

Emmanuel de Croÿ· Managing Director, Milestone Performance Partners· London, England, United Kingdomin

Emmanuel de Croÿ is a Managing Director on the Milestone Performance Partners team at Bregal Milestone, serving as Portfolio CFO and Head of Capital Markets. Before joining Bregal, he worked as an Investment Banking Analyst at Evercore, advising on M&A and healthcare transactions. He holds a double M.Sc. in Management and a CEMS degree from the London School of Economics, and a B.Sc. in Business Engineering from Université Saint-Louis in Brussels.

e•••@bregalmilestone.comreveal

Susy Xu· Vice President· London, England, United Kingdomin

Susy Xu is a Vice President at Bregal Milestone. She previously worked as an Investment Banking Associate at Morgan Stanley in London, advising on M&A and capital markets transactions in the real estate industry, and earlier held roles at the financial advisory firm Stout and at EY in Chicago in public accounting. She holds an MBA from IESE Business School and a BSc in Accounting from the University of Southern California.

s•••@bregalmilestone.comreveal

What they invest in

from 5 of 5 portfolio companies

SaaS ×4AI & Machine Learning ×3Fintech ×2Climate Tech ×1E-commerce ×1EdTech ×1Enterprise Software ×1HR Tech ×1

HQs:Spain×2Finland×1

Investments · 5 tracked

founders shown can be your intro path

AnywhereNowanywhere.now in

Anywhere provides AI-powered customer communication and contact center software built natively on Microsoft Teams and Azure, unifying voice, digital channels, workflows, and routing for enterprise customer experience operations.

AI & Machine LearningEnterprise SoftwareSaaS

Epassiepassi.com

Epassi provides a digital and mobile app that lets employees redeem employer-funded benefits — including meals, transport, healthcare, exercise, culture, and bike leasing — across a merchant network, acting as a payment provider between employers and merchants.

FintechHR TechWellness & Fitness

Niklas LöfgreninNickyl Raithathain

Co-investorsTA Associates Warburg Pincus

Odiloodilo.es in 𝕏

ODILO operates a content ecosystem and learning platform that gives organizations on-demand access to educational content across formats, spanning national curricula, school literacy programs, higher education, and corporate skills training.

AI & Machine LearningEdTechSaaS

Co-investorsKibo Ventures Swanlaab Venture Factory Active Venture Partners CDTI JME Ventures

Paackpaack.co in

Paack operates a proprietary technology platform for last-mile eCommerce parcel delivery, automating and optimizing logistics operations while focusing on sustainability and reduced carbon emissions.

AI & Machine LearningClimate TechE-commerceLogistics & Supply ChainSaaS

Fernando Benito Galobart(Founder)inXavier Rosales(CEO)

Co-investorsAcurio Ventures Kibo Ventures RPS Ventures SoftBank Vision Fund SoftBank Group

Ridangoridango.com in

Ridango is a mobility technology company that provides account-based ticketing, automated fare collection, contactless bank card payments, fleet management, and real-time passenger information systems for public transport operators.

FintechMobility & TransportationSaaS

Co-investorsBaltCap

Portfolio news

latest coverage across their companies

Epassi’s growth continued strongly in 2024. | Epassi

Epassi · epassi.com · Sep 19, 2025

Frequently asked questions

What stage does Bregal Milestone invest at?: Bregal Milestone invests at the Growth stage.
What is Bregal Milestone's typical check size?: Bregal Milestone typically writes checks of $33M – $165M.
What sectors does Bregal Milestone focus on?: Bregal Milestone focuses on Enterprise Software, SaaS.
Where is Bregal Milestone located?: Bregal Milestone is headquartered in London, GB.
Does Bregal Milestone lead rounds?: Yes, Bregal Milestone leads investment rounds.

Media · Podcasts & interviews

featuring the team

EUVC #22, Cyrus Shey, Bregal Milestone - YouTube

The European VC · Cyrus Shey

Images

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