Observed Signal · Nov 10, 2026 · Funding · Source: Tech.eu (European Tech & Deals) · Impact: 1/5 · Sentiment: Positive
Noctua raises €15M to boost Austrian deeptech spin-offs
Noctua Science Ventures, a pre-seed fund for research-based deeptech spin-offs from Austrian universities, has completed a first closing at €15 million and begun investing. The fund is a joint venture between Speedinvest and TU Wien, now expanded to include TU Graz, Montanuniversität Leoben, BOKU Vienna, and JKU Linz. Investors include ERSTE Group, Verbund X Ventures, AWS, and Allocator One, among others. Noctua aims to bridge the gap between research and commercialization by providing up to €500,000 per spin-off as lead investor, targeting ten investments per year and up to 40 spin-offs total. The fund is targeting up to €25 million. First investments include Turn-Motion and DiLt Analytics.
Funding event for a deeptech VC fund, tangentially relevant to AdTech/MarTech through potential investments in AI or data technologies, but not directly impacting the advertising industry.
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Key Takeaways & Evidence Grounding
- Noctua Science Ventures completed a first closing at €15 million, targeting up to €25 million.
- The fund is a joint venture between Speedinvest and TU Wien, now expanded with four more universities (TU Graz, Montanuniversität Leoben, BOKU Vienna, and JKU Linz).
- Investors include Erste Group, Verbund X Ventures, AWS, and Allocator One.
- Noctua plans up to ten investments per year, with up to €500,000 per spin-off, aiming for 40 spin-offs total.
- First public investments are Turn-Motion and DiLt Analytics.
Connected Companies & Entities
“Originally founded as a joint venture between Speedinvest and TU Wien.”
“First close investors include ERSTE Group, Verbund and Allocator One.”
“Investors include Erste Group, Verbund X Ventures, aws, and Allocator One.”
Ontology Mapping & Concepts
Related Market Signals & Shifts
Recent verified developments and strategic activity across this market segment.
Graz Startup DiLT Analytics Raises Seven-Figure Funding
DiLT Analytics, a spin-off from Graz University of Technology, has closed a seven-figure funding round supported by Vienna-based deep tech fund Noctua Science Ventures and a grant from Austria Wirtschaftsservice (aws) under its Seedfinancing Deep Tech program. The company will use the funds to expand its team and roll out its building fault detection software, FaciliMind, across the DACH region. FaciliMind automatically identifies faults in heating, ventilation, and air conditioning systems and provides a prioritized list of corrective actions, offering potential energy savings of 5-30% per building. Led by CEO Theresa Kohl, DiLT serves customers including Graz University of Technology, TU Wien, and Bundesimmobiliengesellschaft.
Nevermind VC launches with €23.6M first close for deeptech fund
Nevermind (NVM), a new venture capital firm, has launched its first fund, NVM Venture Lazio, with a €23.6 million first close towards a €35 million target. The fund will invest in 10-15 dual-use deeptech startups at Pre-Seed and Seed stage, focusing on sectors like aerospace, maritime, robotics, cybersecurity, and AI for defence. Key investor Lazio Innova committed €18.83 million through the Lazio Venture 2 fund-of-funds, co-financed by the ERDF Regional Programme 2021-2027. The fund aims to act as lead investor and strengthen the innovation ecosystem of the Lazio Region. Founding partners Andrea Bonabello and Niccolò Bienati of Ulixes Capital Lux lead the fund, joined by fund managers Giorgio Gulienetti and Alessandro Casiraghi. The launch reflects increased investment in European defence, dual-use, and DeepTech sectors.
Turbine Capital closes €54 million DeepTech fund
Swedish venture capital firm Turbine Capital has announced the final close of its first fund at €54 million (SEK 608 million). The fund focuses on early-stage DeepTech companies in the Nordics. New investor Mycronic, a high-tech company in electronics production equipment, joins existing industrial investors Saab, Scania, Volvo Cars, and Stena. Institutional investors include Saminvest and the European Investment Fund (EIF). The fund aims to connect Nordic startups with industrial partners, providing capital, expertise, and customers. Since its first close in April 2025, Turbine Capital has collaborated with seven university-affiliated incubators and built a cross-sector industrial network. The final close follows other European VC fund announcements in 2026, together representing approximately €393 million in reported fund capital.
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