Insider Brief:
- Vsquared Ventures has announced the final closing of its latest fund, Vsquared II.
- The oversubscribed fund closed at €214 million, surpassing its initial target of €165 million, making it the largest European early-stage deep tech fund to date.
- The closing of Vsquared II brings the fund’s total assets under management to about €450 million.
Vsquared Ventures, an early-stage deep tech fund in Europe, has announced the final closing of its latest fund, Vsquared II. The oversubscribed fund closed at €214 million, surpassing its initial target of €165 million, making it the largest European early-stage deep tech fund to date.
With the new capital, Vsquared aims to support founders building companies around groundbreaking technologies, creating new markets, and becoming global leaders. The fund has a strong focus on fostering a resilient European deep tech ecosystem. The closing of Vsquared II brings the fund’s total assets under management to about €450 million.
Vsquared targets six main growth areas: artificial intelligence (AI) and next-generation software, energy transition, new computing and sensing technologies, space tech, robotics and manufacturing, and biotech. The portfolio includes companies developing innovative solutions, such as sustainable battery recycling and independent space access. Vsquared’s leadership team, consisting of Lise Rechsteiner, Thomas Oehl, Herbert Mangesius, and Benedikt von Schoeler, has backed some of Europe’s most promising deep tech firms including Isar Aerospace and Zama.
The new fund has already led to investments in a diverse range of technology companies. These include Neura Robotics, known for cognitive robotics; Cylib, which focuses on advanced battery recycling; and Quantune, developing wearable laser-based biomarker systems. Other notable investments include Atrandi for next-gen sequencing, Dynelectro for sustainable hydrogen production, Lace Lithography for chip patterning technology, ConstellR for space-based insights, and Synthara in in-memory computing.
The fund’s strong backing from a variety of limited partners (LPs), includes institutional investors and family offices. Notable investors include Novo Holdings, Lombard Odier Investment Managers, the NATO Innovation Fund (NIF), and the European Investment Fund (EIF).
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