VC Montis raises 50M to back Europe's energy and industrial tech startups
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VC Montis raises 50M to back Europe's energy and industrial tech startups
"Montis VC is targeting 20 to 25 investments at the pre-seed and seed stages, focusing on energy transition, industrial automation, and AI applications in various sectors."
"The fund has raised €50 million at first close, with backing from the European Investment Fund and the Polish Development Fund, among other private investors."
"Initial ticket sizes for investments will range from €0.5 million to €2 million, with half of the capital reserved for follow-on rounds into promising companies."
Montis VC, based in Warsaw, has raised €50 million for investments in European startups focusing on energy transition, industrial technology, and AI. The fund is supported by the European Investment Fund and the Polish Development Fund, which contributed €10 million. Montis VC aims for 20-25 pre-seed and seed investments, with initial ticket sizes between €0.5 million and €2 million. The fund's strategy emphasizes electrification, industrial automation, and AI applications in manufacturing, energy grids, and logistics, reflecting a trend among Central and Eastern European venture funds specializing in hard-tech and deep-tech sectors.
Read at TNW | Investors-Funding
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