OTB Ventures will invest $185M into European deep tech

March 21, 2024     45

OTB Ventures closed a $185 million fund to invest in deep tech in Europe that it will mostly deploy at the Series A stage. However, up to 10% could be allocated to seed funding, and more than 50% to follow-on investments.

OTB’s early-growth fund — its second and largest to date — is once again backed by the European Investment Fund (EIF), with support from the European Union under the InvestEU Fund. Visit their website located at the otb.vc domain name.