Austria-based APEX Ventures and UK-based Amadeus Capital Partners have joined efforts to support early-stage deeptech startups. The firm’s target is an €80 million fund, with a finished first close at €28 million, Tech.eu reports.
- The joint fund will look for seed and Series A-stage deeptech ventures with “unique and protectable technology.” The ticket size issued by the Amadeus Apex Technology fund will range from €1 million to €1.5 million.
“Today’s startups need more support from their investors, and deep tech businesses, in particular, must have investors that go beyond capital, sharing expertise and knowledge that supports the founders and team to grow. By combining our expertise with the Amadeus team in this fund, we hope to significantly impact the European deeptech ecosystem,”
Andreas Riegler, APEX Founding Partner, comments.
- Established in 2016 by Andreas Riegler, Christoph Kanneberger, and Stefan Haubner, APEX Ventures is an Austrian early-stage venture capital firm. Its initial focus areas include deeptech, digital media, business intelligence, cybersecurity, fintech, medtech, and the future of work.
- According to the joint venture, funds will be reserved for startups in the areas of AI and ML, quantum technologies and photonics, mobility, and space innovation, as well as autonomous systems and robotics.
- The fund has already made its first investment in OKAPI: Orbits during its €5.5 million round. The startup pools celestial data from radar, telescope, in-orbit sensors, and laser ranging data to provide a highly accurate picture of things around our orbit.
