Spacetech

The Armilar IV fund is positioned to back exceptional deep‑technology founders across the Iberian Peninsula, with a specific interest in companies that fuse advanced science and enterprise‑grade software. With a first close of around €120 million and an ultimate target near €240 million by late 2026, Armilar IV offers meaningful capital to support follow‑on growth and scale financing. It builds on the longstanding track record of Armilar Venture Partners—who have supported companies like OutSystems and Feedzai—from regional innovators to global platforms. The investment thesis of Armilar IV centres on B2B enterprises with robust technical moats, demonstrable product‑market fit, and the capacity to expand internationally from Spain and Portugal. The fund plans to make approximately 20 investments over its lifetime, combining cheque writing with active operational support and board participation to accelerate commercial traction. The targeting sectors span AI, cybersecurity, healthtech and spacetech—areas where scientific research meets software innovation. The fund believes that Iberia’s deep‑tech ecosystem is at an inflection point, and that institutional‑scale capital like this can bridge the gap between early research and global commercial deployment. By focusing on companies at the junction of science and software, Armilar IV seeks to partner with technical founding teams that are under‑leveraged in large European growth rounds, providing the scale and guidance needed to lead expansion rounds and become internationally competitive.

Draper B1 Frontier Tech is a venture capital fund focused on high-impact technologies that are reshaping the future, including artificial intelligence, spacetech, and cybersecurity. The fund has raised over 20 million euros, aiming to bridge the gap between Europe and the United States and boost the international expansion of tech companies. Tim Draper, a renowned seed investor, supports this fund, highlighting its strategic importance in the venture capital landscape.The fund has already made initial investments in nine disruptive startups, such as Sycai Medical and Collimate Space. These investments emphasize the fund's strategic orientation towards deep tech with high disruption potential. Draper B1 leverages its extensive experience and the Draper Venture Network to provide startups with necessary tools and networks for scaling globally.

The European Defence and Security Tech Fund is a €125 million venture capital vehicle launched by Keen Venture Partners to back early-stage technology companies innovating in defence, security, and space. Anchored by a €40 million investment from the European Investment Fund (EIF) under the European Commission’s Defence Equity Facility, the fund is one of the first dedicated initiatives aimed at enhancing Europe’s strategic autonomy in defence innovation. The fund targets 20 to 25 companies operating at the seed to Series B stages, focusing on advanced technologies such as cyber defence, artificial intelligence, autonomous systems, robotics, and space security. Keen Venture Partners aims to identify and support startups that can contribute to Europe's dual-use capabilities and resilience in an increasingly complex geopolitical environment. Operating out of Amsterdam and London, Keen Venture Partners brings a thesis-driven, founder-centric approach. The team’s previous track record in deeptech investments and partnerships with institutional actors positions the fund to become a central actor in the European defence tech ecosystem. The vehicle is open to startups across the EU, the UK, Norway, and Turkey.

Seraphim Space is launching its second VC fund, Seraphim Space Ventures II aimed at investing in space tech startups at the seed and Series A stages. The fund is expected to have a global portfolio of 30 startups with investments from major players in the aerospace sector. The space tech market is growing rapidly and is projected to reach $1.8 trillion by 2035, attracting the interest of several funds specializing in the sector. Seraphim Space aims to differentiate itself with a strong track record, having returned three times the original investment from its first fund. The fund's focus areas include AI applications in space data, in-orbit computing, space-enabled communications, and microgravity for scientific research. These investments are aimed at addressing key challenges related to climate change, agriculture, infrastructure, and biopharma. While defense is not highlighted as a specific investment theme, Seraphim Space acknowledges its significance in the space tech industry and sees a bigger market opportunity in commercial applications across various sectors.