Funding

Vsquared funding news – Munich-based VC Vsquared Ventures Secures €214 Million in Funding

Jun 11, 2024 | By Startup Rise EU

Vsquared Ventures, one of Europe’s leading early-stage deep tech funds, secures €214 million in funding . Oversubscribed at €214 million, Vsquared closes Vsquared II, surpassing the original €165 million target size. The fund solidifies the deep tech trend in Europe by being the biggest early-stage European fund to date.

Vsquared Ventures, one of Europe’s leading early-stage deep tech funds, secures €214 million in funding . Oversubscribed at €214 million, Vsquared closes Vsquared II, surpassing the original €165 million target size. The fund solidifies the deep tech trend in Europe by being the biggest early-stage European fund to date.

With the additional funding, it will keep enabling its creators to establish businesses built around cutting-edge technology, open up new markets, and establish themselves as global leaders out of Europe, thereby fortifying the area for the future.

SUMMARY

  • Vsquared Ventures, one of Europe’s leading early-stage deep tech funds, secures €214 million in funding .
  • Vsquared Ventures supports business owners who engineer the seemingly unattainable.

Since its founding, Vsquared has pushed for the development of a robust and independent European deep tech ecosystem, and this dedication is carried out by the pan-European fund. With the closure of Vsquared II, Vsquared has about €450 million in assets under management.

The fund focuses on six topics of generational growth: robots and manufacturing, tech-bio, new computing and sensing, AI and next-generation software, energy transition, and new space. Portfolio firms provide cutting-edge technology solutions that can guarantee autonomous space access or make battery recycling more economical and sustainable.

Isar Aerospace, Zama, IQM Quantum, Inbrain Neuroelectronics, and The Exploration Company are a few of the most promising deep tech businesses in Europe that have received support from Vsquared, which is led by GPs Lise Rechsteiner, Thomas Oehl, Herbert Mangesius, and Benedikt von Schoeler.

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Dr. Lise Rechsteiner, Thomas Oehl, Dr. Herbert Mangesius and Benedikt von Schoeler, Vsquared’s GPs, commented: “Right now there is immense opportunity for Europe to become a global deep tech powerhouse – which is also imperative to secure the continent’s sovereignty and to make it future-proof. Companies that solve real problems through real technology on a global scale will be successful and these are the ones we partner with. As Vsquared continues to drive forward with Vsquared II, we remain dedicated to leveraging not only capital, but also our expertise, extensive partner and network for our founders, with the goal in mind to prove that the next global deep tech leaders can and will be European.”

The new funding has already resulted in investments in a wide range of innovative technology companies, such as the world's first wearable laser-based biomarker measurement system being developed by Quantune; next-generation sequencing at scale being made possible by bioscience company Atrandi; cost-effective and sustainable hydrogen production being made possible by Dynelectro; chip patterning technology leader ConstellR; chip patterning technology being advanced by Lace Lithography; and in-memory computing being pioneered by Synthara.

Following the fund closure, Vsquared will use fresh funding provided by a variety of limited partners (LPs), such as family offices, institutional investors, fund of fund investors, and other individual participants, such as the founders.

Lombard Odier Investment Managers, Novo Holdings, the Novo Nordisk Foundation's investment business, the NATO Innovation Fund (NIF), EIFO, the European Investment Fund (EIF), KfW Capital, and Lingotto are a few of these. Strong capital commitment and robust investor base demonstrate how deep tech is at the top of investors' agendas and how they recognise the opportunities this industry offers. There is a real deep tech movement in Europe right now.

Sören Thinggard Jensen, Senior Partner and Head of Private Equity at Novo Holdings, said: “We believe Vsquared is one of the funds in Europe with the best understanding of deep tech startups, proven by the track record in investing early in some of the current frontrunners in the ecosystem. We look forward to partnering with Vsquared to ensure that the continent is strongly positioned and to back the next generation of deep tech leaders out of Europe.”

Marjut Falkstedt, EIF Chief Executive, added: “Europe has leading research facilities and an incredible talent pool, and turning bright ideas into viable business propositions is top of our priority list. This is why we are excited to be supporting Vsquared, who are deep tech experts, to continue to channel financing into Europe’s deeptech ecosystem, confident that progress in this field can play a crucial role in addressing the multitude of challenges that we are facing.”

About Vsquared Ventures

Vsquared Ventures supports business owners who engineer the seemingly unattainable. They are early-stage investors in deep-tech businesses that are addressing the most important issues facing society, with a focus on artificial intelligence (AI/ML), robotics, renewable energy, artificial intelligence (Q&N), new space exploration, synthetic biology, and healthcare.


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