Lisbon-based venture firm Faber has become the latest to double down on the region — it recently launched its third fund, marking a first close of €31 million (about $33.9 million). The fund is anchored by the European Investment Fund (EIF) and has received major contributions from the NATO Innovation Fund and Portugal’s Caixa Capital, as well as family offices. It’s aiming to raise €60 million (about $64.2 million) in total.
The new fund, titled Faber Tech Fund III, will target pre-seed and seed-stage startups in deep tech, AI, robotics, and biotech across Portugal, Spain, and the Netherlands.