Report: Portuguese VC Faber launches €60M Faber Tech III Fund

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.

Source: https://www.eu-startups.com/2024/11/lisbon-based-faber-announces-the-launch-of-a-new-e60-million-fund-aiming-to-seed-the-future-with-deep-tech/