We’re thrilled to give our latest updates: 🚀New investment in CloudTalk! 💰Follow-on investments in BOX ID, Wirepas and Minut! ✨Exciting news from other portfolio companies that have been shining bright! But first, have a seat and get comfortable,while we take you through our highlights:
The fund aims to fund companies developing technical innovations amongst other related to semiconductors, sensoring, AI, life sciences and digital technology platforms applicable to various business domains enabling “smart” cities, -mobility, -industry, -health and -energy developments.Since its launch in 2017, the fund has attracted renowned strategic and institutional investors including: Samsung Electronics, BNP Paribas Fortis, Applied Materials and Philips. The final close, with KPN Ventures joining as one of four new investors, has brought the total fund size to €117 million, from €97 million earlier this year.This is KPN Ventures’ third investment in a tech-transfer fund, which focuses on early-stage financing of commercial spin-offs from university research centers. Previously, KPN Ventures invested in Enschede-based Cottonwood Technology Fund and Paris-based PSL Innovation Fund. Investments in tech-transfer funds help expand KPN’s network of potential innovative technology partners.You can read the full press-release here.