Vsquared Ventures recently announced the closure of its largest European early-stage deeptech fund, totaling €214M. This funding will be directed towards startups in various sectors such as AI, new space, robotics, energy transition, new computing, and biotech.
With the closing of Vsquared II, the company’s assets under management now amount to approximately €450 million. Vsquared’s portfolio consists of companies focused on highly technological solutions, including innovations in battery recycling, sustainable space access, biomarker measurement systems, next-gen sequencing, hydrogen production, chip patterning technology, space-based insights, and in-memory computing.
The venture is led by GPs Lise Rechsteiner, Thomas Oehl, Herbert Mangesius, and Benedikt von Schoeler. They have previously supported deeptech companies like Isar Aerospace, Zama, IQM Quantum, Inbrain Neuroelectronics, and The Exploration Company. The GPs expressed their commitment to positioning Europe as a global deep tech powerhouse, emphasizing the importance of solving real-world problems through technology on a global scale.
Institutional investors, family offices, fund of fund investors, and individual players, including founders, provided the capital for this fund. Notable investors include Novo Holdings, Lombard Odier Investment Managers, NATO Innovation Fund (NIF), EIFO, European Investment Fund (EIF), KfW Capital, and Lingotto.
Sören Thinggard Jensen, Senior Partner and Head of Private Equity at Novo Holdings, praised Vsquared for its expertise in deep tech startups and its track record of investing in industry frontrunners. He expressed confidence in the partnership with Vsquared to support the next generation of European deep tech leaders.
