FUNDRAISING NEWS | November 04, 2024
Tags: Private Equity, Venture Capital
Portuguese venture firm Faber has launched the newest version of its deep-tech fund on a €60M (~$65.3M) target size with an initial closing of €31M (~$33.7M), according to a November 4 report by EU-Startups.
The early stage Faber Tech Fund III is anchored by the European Investment Fund, further supported by institutional investors such as NATO Innovation Fund and Caixa Capital. It targets high-potential startups specializing in AI and AI governance, robotics, computational bio and chemistry, data infrastructure, and next-gen computing, especially located within the Iberian Peninsula.
Among Faber’s portfolio companies from its prior funds are Sword Health, Smartex, Mitiga, Luminate Medical, Unbabel, and Microharvest.
Written By: Dakota
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