Carles Reina launches €12.9 million solo GP fund Baobab Ventures to back early-stage AI and robotics startups
Carles Reina, an angel investor involved with Revolut and ElevenLabs, has launched Baobab Ventures, a €12.9 million solo GP fund based in London. The fund, which closed with oversubscription, will focus on supporting pre-Seed and Seed stage AI, robotics, and defense startups. This initiative signals a continued investment in European digital innovation, particularly within the competitive AI and robotics sectors. Baobab Ventures has secured backing from Cendana Capital, Isomer Capital, RSJ Investments, Emergence Ventures, and Cyber Fund. The fund also includes operator LPs from Concept Ventures, Credo Ventures, and Lucca & Stella Norton’s Family Office. Additionally, angel LPs such as Mario Goetze, Carles Cuní, and Dr. Fatima Godall have joined the initiative. This fund highlights the growing need for specialized support for early-stage AI and robotics companies. Reina emphasizes the evolving landscape where rapid sales cycles and intense competition, compounded by AI, require founders to adapt quickly. This underscores a shift towards more operator-focused investment strategies within the European tech ecosystem. This development follows other significant investments in the European AI and robotics landscape, including a €100 million fund by C4 Ventures and over €100 million raised by Expeditions for cybersecurity, AI, quantum, and defense. These investments, alongside company raises by mimic, Sunrise Robotics, Energy Robotics, and Adaptronics, suggest a growing interest in supporting deep tech across the continent.
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