Observed Signal · Apr 23, 2025 · Funding · Source: Tech.eu · Impact: 2/5 · Sentiment: Neutral
First Momentum Ventures closes €35M deep tech Fund II
First Momentum Ventures, a student spinout VC, closed an oversubscribed €35M Fund II for deep tech startups. The fund, nearly 10x larger than its 2018 debut, invests in New Industrials, Energy, and Compute, with first checks between €200k and €1M. The team, composed of engineers and scientists from MIT, KIT, Max Planck, and LMU, has backed nearly 50 companies. With over 100 venture scouts across Europe, the firm aims to support technical founders at the pre-seed stage.
While not directly adtech, the fund targets AI and compute infrastructure, indicating capital flow into technologies that could support adtech innovation.
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Key Takeaways & Evidence Grounding
- First Momentum Ventures closed an oversubscribed €35 million Fund II.
- The fund is almost 10x larger than its debut 2018 fund.
- First checks range between €200,000 and €1 million.
- The firm has invested in nearly 50 companies since 2018.
- Fund II focuses on New Industrials, Energy, and Compute sectors.
Connected Companies & Entities
2 Entities mapped“with several already securing allocations from top international VCs such as Khosla Ventures and Insight Partners....”
“with several already securing allocations from top international VCs such as Khosla Ventures and Insight Partners....”
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