6 Degrees Capital closes €154M fund
European venture capital firm 6 Degrees Capital (6DC) has successfully closed a €154 million fund, signifying a boost for early-stage enterprise software, AI, and fintech startups across the continent. This third fund since the firm's launch in 2023 underlines growing investor confidence in European tech and the increasing need for capital in these high-growth sectors. The funding will fuel innovation and competitiveness within the European digital landscape. Fund III will allocate between €1 million and €5 million per investment, with follow-on capital potentially reaching €15 million per company. 6DC has already invested in Conveo, an AI research platform, and FlatPeak, an energy startup. The fund is backed by various European entities, including fund-of-funds, sovereign wealth funds, and financial institutions. The investment focus on AI, fintech, and enterprise software directly supports the EU's push for digital sovereignty and technological advancement. By backing promising startups, the fund contributes to the development of European alternatives to dominant US tech companies. The investment also supports the development of key technologies and industries.
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