TLDR:
Amsterdam’s Innovation Industries has launched a new €500M fund to support deep-tech startups and scale-ups in the Benelux and Germany. The fund, Innovation Industries Fund III, received €10M from Invest-NL and €74M from the European Investment Fund. Pension funds PME and PMT are also investors in this fund. The focus of the fund is on technology companies that provide innovative solutions for societal challenges.
Article Summary:
Innovation Industries, a fund manager, has announced the launch of a new fund to finance deep-tech startups and scale-ups in the Benelux and Germany. The fund, Innovation Industries Fund III, has a size of €500M and has received contributions from Invest-NL and the European Investment Fund. Pension funds PME and PMT are also investors in this fund. The fund will focus on investing in technology companies that address societal challenges such as energy supply, circularity, healthcare, and agrifood.
Innovation Industries typically invests €10 to 30M in a company across multiple funding rounds. The fund manages about €475M in three funds and works closely with Dutch technical universities and research institute TNO. The team consists of 19 professionals working from offices in Amsterdam and Eindhoven.
Deep tech companies require higher capital investment and have longer development timelines compared to traditional ventures. Innovation Industries targets startups and scale-ups that positively impact the United Nations Sustainable Development Goals.
