TLDR: Amsterdam-based VC OTB Ventures secures €170M to invest in European deep tech startups
- OTB Ventures has closed its second fund at $185M (approximately €170M) with investments from various entities.
- The fund will focus on deep tech startups in Europe, particularly in space technology, enterprise automation, AI, cybersecurity, and fintech infrastructure.
Amsterdam-based VC firm OTB Ventures has secured €170M to invest in European deep tech startups. The investment comes from the European Investment Fund (EIF), the NATO Innovation Fund (NIF), Isomer Capital, and other entities. The fund is primarily aimed at startups in the Series A stage, with a focus on four verticals: space technology, enterprise automation, AI, cybersecurity, and fintech infrastructure.
OTB Ventures, which focuses on B2B early-stage technology startups in Europe, has already made nine investments since its first close in November 2022. The firm manages over $300M and operates from offices in Amsterdam and Warsaw. OTB typically invests between $1 million and $15 million in its portfolio companies, with a focus on companies that have launched products and demonstrate revenue growth.
The fund’s utilisation will include seed funding, follow-on investments, and investments in startups in the deep tech sector. OTB’s investment strategy and focus on key verticals highlight its aim to support innovation and growth in the European startup ecosystem.
