European venture capital firm U2V (University2Ventures) has announced the first closing of its €60 million Fund I. With this fund, the spin-off from Earlybird-X aims to back early-stage DeepTech startups from European tech universities.
It will invest in pre-Seed and Seed-stage startups across Europe, focusing on AI novel computing, IndustrialTech and CleanTech, with up to 25 investments planned.
The first closing was backed by professional investors, including anchor-LP Jungheinrich via Uplift Ventures, family offices, serial founders and industry managers. The VC firm aims to establish Europe’s most effective DeepTech spin-off platform, scaling university-born technologies into global industrial solutions.
“Europe is world-class at creating scientific breakthroughs, but still struggles to turn them into global companies. With U2V, we’re fostering a substantial change here: we help scientists become entrepreneurs, linking research, capital, and corporate partners to build Europe’s next generation of category-defining Deep Tech startups,” said Dr Philipp Semmer, founding partner at U2V.
