Insider Brief:
- OTB Ventures has announced the successful closure of its significantly oversubscribed Fund 2, totalling €170 million.
- The fund will focus on 4 core verticals – SpaceTech, Enterprise Automation & AI, Cybersecurity, and FinTech Infrastructure and will primarily fuel Series A investments.
- Fund 2 has already made notable investments across its target sectors.
- Image credit: OTB Ventures
OTB Ventures, a pioneering venture capital firm based in Amsterdam, has announced the successful closure of its significantly oversubscribed Fund 2, totalling €170 million. The milestone was backed by a diverse consortium including the European Investment Fund (EIF), Isomer Capital, NATO Innovation Fund (NIF), and others as reported by EU-Startups.
With a strategic focus on four core verticals—SpaceTech, Enterprise Automation & AI, Cybersecurity, and FinTech Infrastructure—OTB Ventures aims to nurture and scale Europe’s most promising high-growth industry early-stage startups. Fund 2 will primarily fuel Series A investments while allocating up to 10% for Seed funding.
Adam Niewiński, co-founder and Managing Partner of OTB Ventures, expressed excitement about the achievement, highlighting investor confidence despite market challenges. He emphasized the fund’s mission to empower disruptive deeptech startups leveraging Europe’s rich tech talent pool, positioning the continent as a key player in global innovation.
Mirroring its funding strategy from Fund 1, OTB Ventures plans to reserve over 50% of Fund 2’s capital for follow-on investments, ensuring continued support for portfolio companies as they progress.
Fund 2 has already made notable investments across its target sectors, including Series A backing for KYP.ai and Seed investments in akirolabs and Veridion. Recent additions to its portfolio, including semiconductor technology company, SEMRON and various SpaceTech ventures like ClearSpace and Atmos Space Cargo, further solidify OTB Ventures’ position as a leader in nurturing deeptech innovation.
Andrea Traversone, Managing Partner at NATO Innovation Fund (NIF), emphasized shared values with OTB Ventures in supporting dual-use technologies that are vital for global resilience. Marjut Falkstedt, CEO of the European Investment Fund (EIF), highlighted the importance of collaboration in fostering innovation, strengthening competitiveness, and driving growth across the EU.
Mateusz Sumara, Investment Director at TDJ Venture, commended OTB Ventures’ track record in identifying innovative projects, signaling optimism for Fund 2’s prospects. This sentiment echoes the broader recognition of OTB Ventures as a European leader in the deeptech sector.
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