Cottonwood Technology Fund recently announced the first close of its fourth investment fund at $25 million for Cottonwood Technology Fund IV. The fund was backed by various investors, including Caterpillar Ventures, The Merrion Oil & Gas Family, and the Netherlands Enterprise Agency. Alain le Loux, a General Partner, highlighted the need for seed stage capital in northwest Europe and the advantages of a venture capital fund operating on two continents.
The fund aims to raise $80 million to invest in early-stage B2B startups specializing in hardware technologies across deep-tech industries in the Southwest United States and Northwest Europe. Cottonwood focuses on startups addressing global challenges in areas such as advanced materials, nanotechnology, medical technology, and clean energy. They have a track record of investing in companies like Skorpios Technologies, Sarcos Robotics, and BayoTech.
Dave Blivin, founder and managing partner, emphasized the importance of supporting hard tech companies at the earliest stages, as they have the potential for long-term disruptive impact. Cottonwood seeks opportunities at the Pre-Seed, Seed, and Early Stage levels, with a ticket size ranging from €500,000 to €3 million in the first funding round. Blivin thanked their investors for their patient support, as hard tech companies typically take longer to grow and exit.
Overall, Cottonwood Technology Fund has been making impact investments in deep tech and hard science technologies since 2010, with a focus on creating economic and sustainable impacts while contributing to a better world. Their commitment to supporting innovative startups across global markets showcases their dedication to fostering growth and innovation in the tech industry.
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