Observed Signal · Nov 4, 2024 · Funding · Source: Tech.eu · Impact: 3/5 · Sentiment: Positive
Faber launches €60M deeptech fund for Iberian startups
Faber, a European deep tech venture capital firm, announced the launch of its new fund, Faber Tech III, at a first close of €31M and a target size of €60M. The fund is anchored by the European Investment Fund (EIF) with major contributions from the NATO Innovation Fund and Caixa Capital, alongside repeat participation from Portuguese family offices. Faber Tech III will focus on pre-seed and seed-stage startups in applied science and digital transformation, including vertical AI, AI governance, robotics, computational bio & chemistry, data infrastructure, and novel computation. The fund has a core regional focus on Iberia and Southern Europe, with selective investments elsewhere. Initial investments span photonic chips, analog chip design, and synthetic biology. The firm's portfolio includes Sword Health, Smartex, Mitiga, Luminate Medical, Unbabel, and Microharvest.
The launch of a €60M deep tech fund strengthens European AI and data infrastructure investment, which underpins future AdTech innovation and startup growth.
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Key Takeaways & Evidence Grounding
- Faber launched its new deep tech fund, Faber Tech III, with a first close of €31M and a target size of €60M.
- The fund is anchored by the European Investment Fund (EIF) with contributions from the NATO Innovation Fund and Caixa Capital.
- Faber Tech III will focus on pre-seed and seed-stage startups in applied science and digital transformation, including vertical AI, robotics, and data infrastructure.
- Initial investments from the fund include photonic chips, analog chip design, and synthetic biology.
- Faber's existing portfolio includes Sword Health, Smartex, Mitiga, Luminate Medical, Unbabel, and Microharvest.
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