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1011 Backed VC hits €86 million Fund III cap and celebrates 100 investments across Europe’s DeepTech scene

EU-Startups
David Cendon Garcia @ EU-Startups · 11/13/2025 03:00 EDT

Backed VC hits €86 million Fund III cap and celebrates 100 investments across Europe’s DeepTech scene

British venture firm Backed VC has closed its third fund, Backed 3, at its €86 million ($100 million) cap, alongside making its 100th investment, in order to expand its focus on frontier technologies – including AI-native therapeutics, blockchain infrastructure and manufacturing automation. Close to 50% of Backed 3 was committed from 10 institutional Fund of ...

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