Connect Ventures hits first close on $80M fifth fund to back deeptech founders

What's the deal? London-based Connect VenturesDealroom has a profile for this one. Try Dealroom → has raised $55 million in a first close of its fifth fund, targeting a total of $80 million. The firm plans to back deeptech founders across Europe.

What's the endgame? Fund V continues Connect Ventures' focus on early-stage startups. "You have to go where the best founders are going," managing partner Sitar Teli told Sifted.

The signal: With deeptech drawing growing investor attention, Connect Ventures is positioning Fund V to chase founders building in the space — a bet on where Europe's next wave of talent is heading.

Read more: Sifted

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