OTB Ventures, a leading early-growth investor in European DeepTech startups, has announced the successful closing of its significantly oversubscribed Fund 2, reaching a total of $185 million.
This substantial fundraise signifies a major vote of confidence in Europe’s burgeoning DeepTech
ecosystem and positions OTB Ventures at the forefront of its growth.
The new fund will target four core sectors critical to Europe’s technological advancement:
SpaceTech, Enterprise Automation & AI, Cybersecurity, and FinTech Infrastructure. Mirroring the
successful strategy of Fund 1, Fund 2 will primarily focus on Series A investments, providing
crucial growth capital to promising startups with validated concepts.
However, recognizing the importance of nurturing early-stage innovation, the fund allocates a new 10% to seed funding, allowing OTB to support ventures at their inception. Additionally, over half the capital is reserved for follow-on investments, ensuring continued support for top-performing companies within the OTB portfolio.
https://techfundingnews.com/otb-ventures-soars-with-185m-fund-to-augment-europes-deeptech-startups/
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