TLDR:
- Munich-based VC Vsquared Ventures closes €214 million for largest European early-stage deep tech fund to date
- Fund focuses on empowering founders in deep tech to create new markets and become global leaders
Munich-based Vsquared Ventures has closed its largest European early-stage deep tech fund, Vsquared II, at €214 million, exceeding the initial target size of €165 million. The fund aims to support founders developing companies based on breakthrough technologies, with a focus on creating new markets and leading from Europe. Led by GPs Lise Rechsteiner, Thomas Oehl, Herbert Mangesius, and Benedikt von Schoeler, the fund has already invested in promising deep tech companies like Isar Aerospace, Zama, and IQM Quantum. The fund’s focus areas include AI, energy transition, robotics, and more.
The closing of the fund brings Vsquared’s total assets under management to approximately €450 million. The fund aims to leverage not only capital but also expertise and networks to help their portfolio companies succeed on a global scale. The new capital has already led to investments in companies like Neura Robotics, Atrandi, and Lace Lithography. The fund is backed by a mix of limited partners, including institutional investors and family offices, highlighting the growing interest in deep tech in Europe.
With deep tech gaining momentum in Europe, investors like Novo Holdings and the European Investment Fund are excited to partner with Vsquared to support the next generation of deep tech leaders in the region. The fund’s commitment to fostering a sovereign and resilient European deep tech ecosystem aligns with the goal of making Europe future-proof in the global tech industry.
