Vsquared Ventures’ Post

𝗡𝗼 𝗺𝗼𝗿𝗲 𝘄𝗼𝗿𝗱𝘀 𝗻𝗲𝗲𝗱𝗲𝗱 - 𝗡𝗲𝘄 𝗛𝗼𝗿𝗶𝘇𝗼𝗻𝘀 𝟮𝟬𝟮𝟰 🌅 𝗧𝗮𝗸𝗲 𝗮 𝗹𝗼𝗼𝗸 𝗳𝗼𝗿 𝘆𝗼𝘂𝗿𝘀𝗲𝗹𝗳! 𝗖𝗖: Lise Rechsteiner, PhD, Thomas Oehl, Benedikt von Schoeler, Herbert Mangesius, Michael Jobst, Patrick Tucci, Ferdinand Vermersch, Jakob Lingg, Patrick Hümmer, Gina Krymalowski

𝗢𝗡𝗘 𝗗𝗔𝗧𝗔 𝗿𝗮𝗶𝘀𝗲𝘀 𝗮 €𝟯𝟮𝗺 𝗦𝗲𝗿𝗶𝗲𝘀 𝗕 𝗲𝘅𝘁𝗲𝗻𝘀𝗶𝗼𝗻! 🔗 Congratulations to One Data on successfully raising their €32m Series B extension, as they continue to scale their next-gen data management platform, which serves as a key enabler for meaningful GenAI, AI, Business Intelligence and Process Mining, internationally! Data serves as the lifeblood for various technological advancements. Proper access and management of data is at the heart of enabling AI, GenAI, Business Intelligence and Process Mining. However, data access and processing is still one of the major roadblocks for companies to leverage data and generate value from AI applications. According to recent research by Bitkom (link in comments), in Germany alone only #6percent of companies are harnessing the potential of the data available to them. One Data empowers the smart collection, connection and usage of data for all data-driven and business applications, especially for GenAI. The company’s AI-powered Data Product Builder, already used by a strong portfolio of customers, including BioNTech SE, thyssenkrupp and SCHOTT, is transforming data management and addresses critical business needs for data-driven models. Its innovative technology will drive efficiency in data governance, forecasting, R&D, and supply chains, making it a key enabler for AI and business intelligence advancements globally. Co-led by Vsquared Ventures, HV Capital and Molten Ventures, One Data will utilize the funding to solidify its market leadership, expand internationally, and enhance its innovative Data Product Builder. Congratulations to Dr. Andreas Böhm, Gregor Wiest, Dr. Stefan Roskos and the entire One Data team! To find out more, take a look at the articles linked in the comments.

𝗖𝗼𝗻𝗴𝗿𝗮𝘁𝘂𝗹𝗮𝘁𝗶𝗼𝗻𝘀 𝘁𝗼 𝗗𝘆𝗻𝗲𝗹𝗲𝗰𝘁𝗿𝗼 𝗳𝗼𝗿 𝘀𝗲𝗰𝘂𝗿𝗶𝗻𝗴 €𝟭𝟭 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 𝗶𝗻 𝗳𝘂𝗻𝗱𝗶𝗻𝗴 𝗽𝗹𝘂𝘀 €𝟵 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 𝗶𝗻 𝗴𝗿𝗮𝗻𝘁𝘀 𝘁𝗼 𝗯𝗼𝗼𝘀𝘁 𝘁𝗵𝗲 𝗵𝘆𝗱𝗿𝗼𝗴𝗲𝗻 𝗲𝗰𝗼𝗻𝗼𝗺𝘆 𝗮𝗻𝗱 𝗲𝗻𝗮𝗯𝗹𝗲 𝘁𝗵𝗲 𝗴𝗿𝗲𝗲𝗻 𝗲𝗻𝗲𝗿𝗴𝘆 𝘁𝗿𝗮𝗻𝘀𝗶𝘁𝗶𝗼𝗻 ♻️ Dynelectro's technology focuses on next-generation solid-oxide electrolysis (SOE) and offers unparalleled system performance and longevity. SOE aids decarbonisation in hard-to-abate sectors by efficiently producing hydrogen and utilising industrial waste heat. With the funds the company will further develop their innovative Dynamic Electrolyser Units (DEUs) from 150-kW prototypes to commercial-scale fully modular 1-MW units, with the initial one to be deployed at the European Energy's renewable energy facility in Denmark. Current electrolysis technologies are estimated to waste 25-50% of input electricity, limiting their commercial and sustainability potential. Solid oxide electrolysis (SOE) offers the highest conversion efficiency but has been hindered by its short lifespan, making it cost-prohibitive. Dynelectro’s innovative AC:DC technology addresses this issue, extending SOE lifespan from 2 years to 10 years, thereby aligning it with other electrolyser technologies. This advancement reduces costs and enables quick production adjustments, aiding in grid balancing through ancillary services. Consequently, Dynelectro becomes a crucial partner for #PowerToX developers striving to lower green hydrogen costs. We are thrilled to be a part of the round, together with the Export and Investment Fund of Denmark (EIFO), Yara Growth Ventures, PSV, The Footprint Firm and the European Investment Bank (EIB). Dynelectro has additionally secured €9 million in grants through collaborations with leaders such as Shell and the European Innovation Council and SMEs Executive Agency (EISMEA), underscoring the robust support for their vision of sustainable energy solutions, which are needed to enable the green energy transition across sectors. Congratulations to Søren Højgaard Jensen, Samantha J. Phillips, Sune Lilbaek and the entire Dynelectro team! Read more about it on Tech Funding News or, if your Danish allows for it, on Finans (articles linked in comments).

📰 Media analysis: As the start of the Ariane is highlighting the importance of a strong and independent European space industry, the Frankfurter Allgemeine Zeitung analyses the impact of German New Space start-ups on on the European ecosystem. 🚀 🇪🇺 In Germany a small but rapidly growing sector of young space companies has emerged in recent years. Many of the German hopefuls within the space industry are New Space startups, who are leading the charge with their cutting-edge launch technologies. Great to see some of the founders we get to partner with in conversation with FAZ's tech editor Maximilian Sachse: Hélène Huby and The Exploration Company, which is paving the way for future space logistics through its reusable cargo capsule. Also constellr Co-Founder and CEO Max Gulde, who is leveraging satellite data to revolutionize industries such as agriculture. "The increased private sector interest in space companies in Europe has helped to awaken the local space industry," emphasizes our GP Thomas Oehl. "It's amazing to see the progress achieved over the last 5-10 years." Read the full article to find out more about the ecosystem: https://lnkd.in/ex6PMPJ5

𝗡𝗼𝘁 𝘆𝗼𝘂𝗿 𝘁𝘆𝗽𝗶𝗰𝗮𝗹 𝗰𝗼𝗻𝗳𝗲𝗿𝗲𝗻𝗰𝗲... 𝗧𝗛𝗘 𝗗𝗘𝗘𝗣 𝗧𝗘𝗖𝗛 𝗨𝗡𝗖𝗢𝗡𝗙𝗘𝗥𝗘𝗡𝗖𝗘 𝗩𝗢𝗟. 𝟮 🚀 We are ready to catalyze change together at this years Deep Tech Unconference, hosted by the BMW Foundation Herbert Quandt, 𝗙𝗲𝘀𝘁𝗶𝘃𝗮𝗹 𝗱𝗲𝗿 𝗭𝘂𝗸𝘂𝗻𝗳𝘁, Vsquared Ventures, DTCF | DeepTech & Climate Fonds and Yttrium. The next global #DeepTech leaders can and will come out of #Europe - however there is an urgent need to collectively evaluate key topics that have a huge impact on their future! How do we need to adapt to support the growth of industry leaders? Which role does unity across the sector play? What best public policy practices from across the globe should Europe adapt? And what impact does the currently shifting geopolitical landscape have? 𝗕𝗨𝗧: 𝘁𝗵𝗶𝘀 𝗶𝘀 𝗻𝗼𝘁 𝘆𝗼𝘂𝗿 𝘁𝘆𝗽𝗶𝗰𝗮𝗹 𝗰𝗼𝗻𝗳𝗲𝗿𝗲𝗻𝗰𝗲. After an impactful first edition in 2023, this second edition brings together the driving forces in European deep tech. As a pre-event to Munich’s most exciting tech gathering, the Festival der Zukunft by 1E9 and Deutsches Museum, this Unconference allows the exact agenda to be set collaboratively by the participants, with impulses from select industry leaders. Places are severely limited, but we want to open some last spots up to our network. So if you are a deep tech investor, in Munich next week, and interested in joining, apply to join here: https://lu.ma/b3u175zp. Afterwards, meet some of the brightest founders in deep tech at the 1E9 #SpeakersDinner. 🗓 Wednesday, June 26th ⏰ 11:30 - 22:00 📍 Munich (exact details to be shared with the confirmation)

𝗔 𝘄𝗲𝗲𝗸 𝗳𝘂𝗹𝗹 𝗼𝗳 𝗻𝗲𝘄𝘀: 𝗖𝗼𝗻𝗴𝗿𝗮𝘁𝘂𝗹𝗮𝘁𝗶𝗼𝗻𝘀 𝘁𝗼 𝗕𝗹𝗮𝗰𝗸 𝗦𝗲𝗺𝗶𝗰𝗼𝗻𝗱𝘂𝗰𝘁𝗼𝗿 𝗼𝗻 𝘁𝗵𝗲𝗶𝗿 €𝟮𝟱𝟰.𝟰𝗺 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗻𝗴 𝗿𝗼𝘂𝗻𝗱, 𝗮𝗰𝗰𝗲𝗹𝗲𝗿𝗮𝘁𝗶𝗻𝗴 𝗘𝘂𝗿𝗼𝗽𝗲𝗮𝗻 𝘁𝗲𝗰𝗵𝗻𝗼𝗹𝗼𝗴𝗶𝗰𝗮𝗹 𝘀𝗼𝘃𝗲𝗿𝗲𝗶𝗴𝗻𝘁𝘆 𝗮𝘁 𝘀𝗰𝗮𝗹𝗲! 🤖 The round marks one of the largest ever for a European deep tech chip manufacturer, combining private and public funding. With new investors, including Porsche Ventures, joining existing investors, including Project A and Vsquared Ventures, the company also managed to receive €228.7m in public funding via the IPCEI ME/CT program. The goal: establish independent chip capabilities in Europe to further resilient supply chains and European technological sovereignty! How? Leveraging a novel material, graphene, Black Semiconductor is developing a new way to build networks of chips. Their hardware and technology allows for the facilitation of optical chip-to-chip connections, allowing them to interact almost as if they were one. This new generation of chip networks enhances computing power and enables efficiency and will also solve connectivity barriers. Black Semiconductor will now tackle the first semiconductor mass production based on graphene, which will hugely support the European semiconductor value chain! Congratulations to Daniel Schall, Sebastian Schall, Cedric Huyghebaert and the entire Black Semiconductor team for this amazing achievement! You can read more about the company's plans in the articles linked in the comments. CC: East Hill Equity - Managing Scania Growth Capital, Capnamic, TVF | TechVision Fonds, NRW.BANK, Cambium Capital Management, Onsight Ventures, Federal Ministry for Economic Affairs and Climate Action, Ministerium für Wirtschaft, Industrie, Klimaschutz und Energie des Landes NRW

𝗦𝗼𝗺𝗲 𝗲𝘅𝗰𝗶𝘁𝗶𝗻𝗴 𝗻𝗲𝘄𝘀 𝗼𝗳 𝗼𝘂𝗿 𝗼𝘄𝗻: 𝗪𝗲 𝗼𝗳𝗳𝗶𝗰𝗶𝗮𝗹𝗹𝘆 𝗰𝗹𝗼𝘀𝗲𝗱 𝗩𝘀𝗾𝘂𝗮𝗿𝗲𝗱 𝗜𝗜 𝗮𝘁 𝗵𝗮𝗿𝗱 𝗰𝗮𝗽 𝗮𝘁 𝟮𝟭𝟰𝗺 𝗘𝗨𝗥!🚀 🌍 We are thrilled to announce that Vsquared Ventures has successfully closed our second fund at €214 million, significantly surpassing our initial target of €165 million! This new fund will fuel Europe's #DeepTech boom, supporting early-stage startups with investments ranging from €500k to €5m. Right now there is immense opportunity for #Europe to become a global deep tech powerhouse. Companies that solve real problems through real technology on a global scale will be successful and these are the ones we partner with. As we continue to drive forward with #VsquaredII, we remain dedicated to leveraging not only capital, but also our expertise and extensive network for our founders, with the goal in mind to prove that the next global deep tech leaders can and will be European. With this fund, we've already made eight strategic investments in groundbreaking companies like NEURA Robotics, a pioneer in cognitive robotics; cylib, innovators in next-generation battery recycling technology; Quantune Technologies GmbH, which is developing the world’s first wearable laser-based biomarker measurement system; bioscience company Atrandi Biosciences | Droplet Genomics, which is enabling next-gen sequencing at scale; Dynelectro, which is enabling cost-efficient and sustainable hydrogen production; Lace Lithography, focused on advancing chip patterning technology; leading provider of space-based insights constellr; and Synthara AG, at the forefront of integrating in-memory computing. We are proud to be backed by prominent pan-European LPs, cementing our mission, and are excited to leverage this momentum to build a resilient and competitive deep tech ecosystem in Europe. Want to find out more? Then take a look at what Handelsblatt’s Nadine Schimroszik and Sifted's Miriam Partington reported: Handelsblatt: https://lnkd.in/e3faffnK Sifted: https://lnkd.in/e_UrVP-Q