Cottonwood Technology Fund announced the first close of its fourth investment fund, Cottonwood Technology Fund IV, totaling $25M. Backed by a consortium of investors including Caterpillar Ventures and NOM, the fund aims to raise $80M to invest in early-stage B2B startups specializing in hardware technologies. General Partner Alain le Loux highlights the innovation potential in Europe compared to the US, emphasizing the importance of seed-stage capital. The fund's focus includes creating a diverse portfolio to address global challenges through technologies like clean energy and advanced materials.
Cottonwood Technology Fund IV has closed its first round of funding at $25M, targeting early-stage B2B startups focused on hardware technologies in deep-tech industries.
The fund is backed by notable investors and aims to enhance innovation across Europe and the United States by facilitating cross-border technology transfers.
General Partner Alain le Loux notes that Europe shows a greater need for seed-stage capital compared to the US, highlighting promising disruptive innovations.
Cottonwood emphasizes the creation of a diverse portfolio to tackle major global challenges, having previously invested in areas like clean energy and advanced materials.
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