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NATO Innovation Fund Makes Its First Investments

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The NATO Innovation Fund announced its first deep tech investments to address challenges in defence, security and resilience.

These initial equity investments made by the €1 Billion Fund will help advance innovation in novel materials and manufacturing, AI and robotics. The fund is also making investments to boost deep tech hubs in regions where capital for early-stage startups is in high demand to promote the Alliance’s technological sovereignty. To support the adoption of technologies in its portfolio, the NATO Innovation Fund works closely with allied governments to provide its portfolio companies with access and insights into defence, wider government and commercial markets and opportunities.

The Fund’s direct investments include:

  • ARX Robotics, a manufacturer of scalable robotic systems for mass deployment in defence, commercial and humanitarian applications to future-proof armed forces, and increase the safety and efficiency of workforces.
  • Fractile, an AI company that is developing transformative computing technology to enhance collective AI capabilities by enabling the largest and most capable neural networks of today and tomorrow to run faster, more efficiently and sustainably.
  • iCOMAT, an advanced composite manufacturing company that delivers lighter, stronger and more sustainable structures for aerospace and automotive vehicles faster and more cost-effectively.
  • Space Forge, a company that utilises the space environment to manufacture advanced semiconductor materials for critical infrastructure, ensuring capabilities across telecommunications, aerospace, and quantum.

To enable the growth of innovators at every stage, the NATO Innovation Fund is also backing venture capital fund managers that invest in early-stage deep tech with a focus on civilian, and defence, security and resilience markets. Backing these funds will help grow capacity in regions where funding is in high demand to support the next generation of deep tech unicorns.

Led by Andrea Traversone, Managing Partner, and Dr. Klaus Hommels, Chair, The NATO Innovation Fund is a venture capital fund, backed by 24 NATO Allies, that deploys more than €1 Billion in deep tech to address challenges in defence, security, and resilience. The fund invests independently, with 24 nations supporting its portfolio’s success and helping provide deep tech entrepreneurs with access to both commercial and government markets. It is based in Amsterdam, The Netherlands, London, UK, and Warsaw, Poland.

Participating NATO Allies are: Belgium; Bulgaria; Czechia; Denmark; Estonia; Finland; Germany; Greece; Hungary; Iceland; Italy; Latvia; Lithuania; Luxembourg; Netherlands; Norway; Poland; Portugal; Romania; Slovakia; Spain; Sweden; Türkiye; United Kingdom

VCWire

19/06/2024