ZOLLHOF spins out ZOHO.VC as new €10 million early-stage fund hits 70% first close
European early-stage tech investment shows robust activity with ZOHO.VC's new €10 million fund. The Nuremberg-based venture capital arm of ZOLLHOF – Tech Incubator has successfully reached its first close, securing 70% of its target volume ten months ahead of schedule. This significant milestone underscores investor confidence in ZOHO.VC's strategy to support technology-driven startups with a strong connection to the ZOLLHOF ecosystem. Currently standing at €7 million, the fund focuses on the crucial pre-Seed and Seed stages, providing vital capital for nascent technology ventures. This capital injection is complemented by the LPs' extensive networks, expert knowledge, and entrepreneurial experience, offering more than just financial backing. ZOHO.VC's approach, deeply rooted in the operational startup ecosystem, appears to resonate well in the current market landscape. The success of ZOHO.VC aligns with a broader trend of increasing early-stage technology venture funding across Europe. Recent announcements include Footprint Firm’s €76 million fund for climate and DeepTech in Northern Europe, Vanagon Ventures’ €20 million targeting pre-Seed DeepTech and AI in Germany, and Ananda Impact Ventures’ €73 million for impact startups. These initiatives collectively highlight a strong European commitment to fostering innovation and digital sovereignty through strategic investments in emerging technology companies.
Curated and translated by Europe Digital for our multilingual European audience.
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