- The fund will be used to support the growth and development of start-ups in the region
- Check sizes will range from €1m to €20m
- Investors include entrepreneurs, HNWIs, family funds and foundations
Forward.one, a Dutch venture capital firm, has closed its second fund at €145 million.
The fund will make investments of €1 million to €20 million in high-tech and deep-tech companies in the Netherlands, Germany and the Nordics, supporting the growth and development of start-ups in the region.
Investors include entrepreneurs, high-net worth individuals, family funds and foundations. The European Investment Fund and InvestNL, the investment fund of the Dutch government, also invested in the new fund, according to a report in Financieele Dagblad.
“We are delighted to have reached this important milestone and are grateful for the support of our investors,” managing partner Riemer Smink said in a statement shared with Venture Capital Journal. “We are looking forward to working with the most exciting and promising start-ups, helping them to realize their full potential and make a real impact on the world.”
Recent investments of the second fund include Optics11, an advanced optics company, and Quantware, a quantum computing firm.
The firm, based in Amstelveen, Netherlands, closed on €$40 million for its vintage 2018 debut fund.