The research institute has been joined by limited partners ranging from Philips to Brabantse Ontwikkelings Maatschappij, with a minimum target size set at $107m.
TNO, the Netherlands-based research institute for applied scientific research, has backed the DeepTechXL Fund I, which has a minimum target size of €100m ($107m).
DeepTechXL Fund I’s limited partners also include photolithography systems developer ASML, conglomerate Philips, development agency Brabantse Ontwikkelings Maatschappij, PME Pension Fund and state-founded impact investment firm Invest-NL.
It is unclear how much capital the fund has raised thus far. Dutch government institute Rijksdienst voor Ondernemend Nederland supplied a $9.7m loan specifically allocated to seed-stage companies.
The…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
