The EU’s SAFE instrument provides up to €150 billion in loans for joint defence procurement across Europe.
The fund was backed by undisclosed LPs.
The new fund saw support from Horsley Bridge Partners, Sofina, Hillman, and Granite.
The fund is backed by the European Investment Fund, the European Bank for Reconstruction and Development, and family offices.
Q3 was intense in terms of AI and deeptech VC fundraising across Europe. We mapped all the funds announced during the third quarter.
Sofinnova Partners has closed its €82 million MD Start IV fund, which was oversubscribed, with support from existing and new limited partners.
The fund is anchored by British Business Bank, with participation from returning LPs Aldea Ventures, Sella Venture Partners, and Molten Ventures.
The fund is backed by around 50 investors, including family offices such as The Millers Office.