Portuguese VC firm Faber has launched a new €60 million deeptech fund, Faber Tech III. Recently, it announced the initial closing of €31 million, backed by the NATO Innovation Fund, the European Investment Fund, and Caixa Capital.
- Faber Tech III will invest in pre-seed and seed startups developing solutions in vertical AI, AI governance, robotics, computational biology & chemistry, data infrastructure, and novel computation. The firm's new fund will primarily focus on Southern Europe, with selective investments across the broader European region.
- In 2020, Faber launched Faber Tech II, which, according to Crunchbase, was closed at €31 million. Since then, Faber has become an early investor in a portfolio of hardtech companies, including Sword Health, YData, Emotai, Hole19, and Seedrs.
- Faber's first investments through Faber Tech III include undisclosed startups in Portugal, Spain, and the Netherlands, which focus on areas like photonic chips, analog chip design, and synthetic biology.
- In addition to NIF, EIF, Caixa Capital, Faber Tech III was supported by the key investors from the previous fund.
