Fund II secured backing from 44 private investors and the Dutch government via the RVO Seed Capital arrangement.

The new fund was backed by a mix of institutional investors, corporates, and foundations, including Union Investment, Jungheinrich and KPMG Germany.

The new fund is backed by more than 40 AI founders and operators acting as limited partners.

The fresh fund saw backing from Banco Santander.

The round was supported by the British Business Bank, alongside a network of angel investors, founders, and family offices across the UK and Europe.

The new fund saw support from long-standing institutional investors and returning LPs across multiple fund generations.

The fresh fund saw support from existing backers such as VKR Holding, along with new institutional investors including Realdania.

The program includes a €140 million EU guarantee provided by the European Commission and €21 million in EU investment grants.