Innovation Industries tops up startup fund

Paul van Gerven
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Innovation Industries has raised an additional 500 million euros for its third fund, which focuses on financing deep-tech startups in the Benelux and Germany. This brings the total raised capital for this year to 600 million euros. For the complementary Strategic Partners Fund, which invests in scale-ups from the existing portfolio, Innovation Industries raised 100 million euros earlier this year.

Once again pension funds PME and PMT have agreed to invest, joined this time by ABP, BPFBouw, Pensioenfonds KPN and TNO Pensioenfonds. Other investors in the fund include ABN Amro, Athora Netherlands, Rabobank, Oost NL, Brabantse Ontwikkelingsmaatschappij, Invest-NL, Innovationquarter, European Investment Fund (EIF), KfW Capital and Wachstumsfonds.

“We share a long-term vision with these pension funds, combining good financial returns with a contribution to the future resilience of the Dutch deep-tech ecosystem. With currently around 900 million euros in capital under management, we’ll serve as a magnet for groundbreaking technologies in Europe,” comments Harm de Vries, partner at Innovation Industries.

Innovation Industries currently operates from Amsterdam and Eindhoven. Soon, the fund will add an office in Munich.

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