The fund saw backing from Chr. Augustinus Fabrikker and Nordea-fonden, alongside existing LPs ATP, EIFO, and IDA.
The fund saw backing from Bank Gospodarstwa Krajowego, with ICEYE serving as its strategic partner.
Fuel Ventures has secured a £10 million commitment from the British Business Bank through its Regional Angels Programme.
The fund secured a €3.8 million commitment from National Development Investment (NRI).
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.