Munich-based VC Vsquared has closed its second fund of €214 million, exceeding the initial target of €165 million to invest in early-stage deeptech startups across Europe. The fund includes contributions from European LPs, such as Novo Holdings and the NATO Innovation Fund.
- Founded in 2020 by Thomas Oehl, Herbert Mangesius, and Benedikt von Schoeler, Vsquared Ventures is a venture capital firm that funds deeptech startups across Europe and manages around €450 million in assets. Vsquared’s portfolio includes Isar Aerospace, IQM Quantum, Inbrain Neuroelectronics, and The Exploration Company.
- The firm plans to invest in 25 companies with ticket sizes ranging between €500,000 and €5 million. It will focus on six areas, including AI, next-gen software, energy transition, new computing, sensing, space, tech bio, robotics, and manufacturing. Two-thirds of the fund will be used for follow-on investments.
- With the new capital, Vsqaured invested in 8 tech startups, including Neura Robotics, Cylib, Quantune, Atrandi, Dynelectro, Lace Lithography, ConstellR, and Synthara.
“With a great set-up of pan-European LP’s we have actually surpassed our initial goal significantly, showing strong interest across the continent for deeptech and a realization for the great commercial opportunities the sector offers,” General Partner at Vsqaured Ventures, stated.
- Vsquared's second fund was backed by LPs and founders, including Novo Holdings, the NATO Innovation Fund, the Export and Investment Fund of Denmark, the European Investment Fund, and Germany’s KfW Capital. The co-founders of Kinexon, Dr. Oliver Trinchera and Dr. Alexander Huettenbrink, as well as Simon Bolz from Klara.com, are among the notable backers.
- Vsquared remains committed to backing game-changing teams, helping them pioneer new markets and emerge as global leaders in Europe, securing their long-term success.
