Vanagon Ventures closes €20M Fund I to back deeptech startups
Vanagon Ventures, a German deeptech venture capital firm, has finalized its €20 million Fund I to support early-stage startups. This fund, backed by Allocator One and other investors, is a significant development in Europe’s venture capital landscape, focusing on deep technology companies that are crucial for European digital sovereignty. The fund's focus highlights the growing importance of backing innovative, technology-driven companies in the region. Fund I will concentrate on pre-seed stage B2B startups tackling system-level challenges, particularly those leveraging AI and deeptech. Vanagon Ventures plans to invest up to €500,000 initially in companies. The firm’s strategy aims to fill a gap in early-stage venture capital, where AI-native and deeptech companies often require different approaches than traditional software businesses. The fund's investments will impact founders with deep domain expertise using advanced technologies. Areas of focus include spatial and artificial intelligence, quantum computing, robotics, and frontier software. With a target portfolio of approximately 30 companies, it has already invested in category builders like Holy Technologies, ExoMatter, and The Landbanking Group, demonstrating a commitment to supporting companies that advance technological capabilities. Vanagon Ventures, managed by three General Partners, will also act as a first institutional or lead investor. This will include providing hands-on support in fundraising, go-to-market strategies, and customer access. The fund’s activities are a key part of supporting European digital transformation.
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