OTB's deep tech focus includes space tech, enterprise automation and AI, cybersecurity, and fintech infrastructure. The firm has already started making investments from this fund, including in German startups KYP.ai and Semron. OTB, headquartered in Amsterdam with another office in Warsaw, claims an advantage in accessing Central and Eastern European deal flow. The new fund is backed by Central and Eastern European entrepreneurs, including Snowflake co-founder Marcin Zukowski.
Key takeaways:
- OTB Ventures has closed a $185 million fund to invest in deep tech in Europe, with the majority of the fund being deployed at the Series A stage. Up to 10% could be allocated to seed funding, and more than 50% to follow-on investments.
- The fund is backed by the European Investment Fund (EIF), with support from the European Union under the InvestEU Fund. NATO Innovation Fund (NIF) has also made an entry on OTB’s cap table.
- OTB's focus areas for deep tech investments include space tech, enterprise automation and AI, cybersecurity, and fintech infrastructure. The firm has already made nine investments from this fund, including German startups KYP.ai and Semron.
- OTB Ventures is headquartered in Amsterdam with another office in Warsaw, and boasts an advantage in accessing Central and Eastern European dealflow. The new fund is backed by Central and Eastern European entrepreneurs, including Snowflake co-founder Marcin Zukowski.