TLDR:
- OTB Ventures closes a new €170 million fund to support European deeptech startups
- Fund 2 will focus on SpaceTech, Enterprise Automation & AI, Cybersecurity, and FinTech Infrastructure
Amsterdam-based OTB Ventures has closed a significantly oversubscribed €170 million fund to fuel European deeptech innovation. Fund 2, backed by key investors such as the European Investment Fund (EIF) and NATO Innovation Fund (NIF), will focus on investing in Europe’s most promising early-stage startups in key verticals including SpaceTech, Enterprise Automation & AI, Cybersecurity, and FinTech Infrastructure. The fund will primarily be used for Series A investments, with a small allocation for Seed funding to support the growth of promising ventures at their inception.
The fund has already made nine investments in target sectors, including Series A investments in productivity platform KYP.ai and Seed investments in akirolabs and Veridion. OTB Ventures has also shown an increased focus on semiconductor technology with a recent seed investment in SEMRON. The fund will reserve over 50% of its capital for follow-on investments to support additional funding rounds for the best-performing portfolio companies.
Key partners in the fund, such as the European Investment Fund (EIF), NATO Innovation Fund (NIF), and TDJ Venture, have expressed their confidence in OTB Ventures’ ability to identify and support innovative projects with high potential. The successful closure of Fund 2 marks a significant achievement for OTB Ventures and highlights Europe’s emergence as a growth market for deeptech startups and technology talent.
OTB Ventures’ dedication to fostering innovation and entrepreneurship in Europe is evident through their investment strategy and commitment to supporting disruptive startups leveraging the continent’s tech talent pool. With the closure of Fund 2, the firm is poised to further its mission of empowering deeptech startups and contributing to the competitiveness of the EU on the global stage.
