Innovation Industries, a prominent fund manager, on Wednesday, announced the launch of a new fund aimed at financing and supporting deep-tech startups and scale-ups in the Benelux and Germany.
The fund — Innovation Industries Fund III, has a size of €500M.
As part of the Dutch Future Fund II program, it will receive a €10M contribution from Invest-NL and €74M from the European Investment Fund (EIF).
“Our investment in the Innovation Industries Fund III underlines our commitment to highly innovative companies in the Netherlands. We are proud of this first investment under the Dutch Future Fund II and our collaboration with the European Investment Fund,” says Nicolaas Heij, Senior Investment Manager, Invest-NL.
Additionally, pension funds PME and PMT are also investors in this fund.
The Innovation Industries Fund III will focus on investing in technology companies that can provide innovative solutions for societal challenges such as energy supply, circularity, healthcare, and agrifood.
Due to the complexity and sophistication of their products, deep tech companies require higher capital investment and have longer development timelines compared to more conventional ventures.
Innovation Industries: European deep tech venture capital fund
Innovation Industries invests in startups and scale-ups that have a positive impact on the United Nations Sustainable Development Goals.
The fund typically invests €10 to 30M in a company across multiple funding rounds.
The company manages about €475M in three funds and works closely with all Dutch technical universities and research institute TNO.
There is also close cooperation with the Dutch Metal pension funds: PMT and PME. Innovation Industries has a team of 19 professionals working from two offices, in Amsterdam and Eindhoven.
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