Vanagon Ventures Closes €20M Fund to Support Europe's Deep Tech Pre-Seed Stage
Vanagon Ventures has launched a €20 million fund to address the pre-seed funding gap in Europe's deep tech sector, which encompasses areas such as quantum computing and synthetic biology. The fund aims to capitalize on research breakthroughs from institutions like CERN and ETH Zurich, targeting 6-8x net returns by focusing on hardware-software convergence in fields where Europe excels but lacks investment.
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Vanagon Ventures has launched a €20 million fund aimed at addressing the pre-seed funding gap in Europe's deep tech sector, which includes fields like quantum computing, synthetic biology, and advanced materials. Despite €120 billion spent on R&D in Europe, funding remains fragmented as VCs prefer less risky SaaS investments.
The fund sources opportunities from organizations like CERN, Max Planck, and ETH Zurich and aims to achieve 6-8x net returns by capturing a significant portion of pre-seed deep tech exits. The strategy focuses on hardware-software convergence, particularly in areas where Europe excels but lacks capital. This fund aims to convert research breakthroughs into unicorns, filling a crucial gap in the market.
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