Vsqared Ventures Commits €214M to Drive European Deeptech Innovation

Vsquared Ventures, a prominent player in the European deeptech investment landscape, has recently made headlines with the announcement of its latest fund, Vsquared II, totaling a substantial €214 million.

This significant funding injection underscores the firm's commitment to supporting startups across various sectors, including artificial intelligence (AI), new space, robotics, energy transition, new computing, and biotech. Led by a team of seasoned General Partners (GPs) including Lise Rechsteiner, Thomas Oehl, Herbert Mangesius, and Benedikt von Schoeler, Vsquared Ventures aims to drive innovation and propel the growth of groundbreaking technological solutions.

The closing of Vsquared II marks a milestone for the firm, bringing its total assets under management to approximately €450 million. With a diverse portfolio of companies focused on developing highly technological solutions, Vsquared Ventures has established itself as a key player in fostering innovation and driving impact in the European deeptech ecosystem. The companies in its portfolio are at the forefront of addressing critical challenges and advancing disruptive technologies, ranging from sustainable battery recycling to enabling independent access to space.

One notable investment in Vsquared's portfolio is Quantune, a pioneering company developing the world's first wearable laser-based biomarker measurement system. This innovative technology has the potential to revolutionize healthcare by providing accurate and non-invasive methods for biomarker measurement, paving the way for personalized medicine and early disease detection. Another standout company is Atrandi, a bioscience firm enabling next-generation sequencing at scale, which holds promise for advancing our understanding of genomics and accelerating drug discovery and development processes.

Dynelectro, another company backed by Vsquared Ventures, is focused on enabling cost-efficient and sustainable hydrogen production, addressing the growing demand for clean energy solutions and contributing to the global transition to renewable energy sources. Lace Lithography, another notable investment, is advancing chip patterning technology, driving innovation in the semiconductor industry and supporting the development of next-generation electronic devices.

In addition to these companies, Vsquared Ventures has invested in leading providers of space-based insights, such as ConstellR, which leverages satellite technology to provide valuable data for applications ranging from environmental monitoring to agricultural management. Synthara, another company in the firm's portfolio, is at the forefront of integrating in-memory computing, unlocking new possibilities for data processing and analysis in various industries.

The success of Vsquared II is attributed to the strong support of institutional investors, family offices, fund of fund investors, and individual players, including founders. Notable investors contributing to the fund include Novo Holdings, the investment company of the Novo Nordisk Foundation, Lombard Odier Investment Managers, the NATO Innovation Fund (NIF), the European Investment Fund (EIF), KfW Capital, and Lingotto.

Sören Thinggard Jensen, Senior Partner and Head of Private Equity at Novo Holdings, commended Vsquared for its deep understanding of deeptech startups and track record of investing in industry frontrunners. Jensen expressed confidence in Vsquared's ability to position Europe as a stronghold for deeptech innovation and support the next generation of European deeptech leaders.

Looking ahead, Vsquared Ventures remains dedicated to leveraging not only capital but also its expertise and extensive network for the benefit of its founders. The firm's GPs reiterated their commitment to partnering with companies that solve real-world problems through innovative technology on a global scale. As Vsquared continues to drive forward with Vsquared II, it aims to prove that the next global deeptech leaders can and will emerge from Europe.

In conclusion, the closing of Vsquared II represents a significant milestone for Vsquared Ventures and the European deeptech ecosystem as a whole. With its substantial funding and diverse portfolio of innovative companies, Vsquared Ventures is well-positioned to drive innovation, foster growth, and support the development of groundbreaking technological solutions that address some of the world's most pressing challenges. As Europe strives to strengthen its position as a global deeptech powerhouse, firms like Vsquared Ventures play a crucial role in driving the continent's technological advancement and shaping its future.