Cottonwood Technology Fund Announces 3rd High-Tech Fund
Cottonwood Technology Fund is pleased to announce that it has successfully completed its initial close of Cottonwood Technology Fund III. This first close puts it on track to reach its target final close of € 75 – € 100 million with € 25 million currently in hand. Cottonwood Technology Funds started in year 2010 with its origin in the USA and opened end of 2014 an office in The Netherlands.
Cottonwood makes seed and early stage investments in companies developing disruptive hard science technologies. The fund works with corporates to determine technology areas of strategic interest – then finds, funds and helps develop entrepreneurial companies within those areas. Historical areas include photonics, advanced materials, clean energy, sensor and nanotechnology, robotics and medtech.
Cottonwood is consistently recognized as a top performing hard science focused investor and is one of the few such investors in Europe who is willing to invest in these type of companies in the pre-revenue / pre-product stage.
“We feel fortunate, especially now during the COVID-19 pandemic, to have the continued support of our current Fund II investors and also to have received commitments from 10 new investors from The Netherlands. Six years after the opening of the office in The Netherlands we see the benefits of a venture capital fund operating on two continents. We bring technologies and companies from the USA to Europe and vice versa. All of our investments have from the beginning a global focus.” said Dave Blivin, Managing Director of Cottonwood Technology Fund.
“The Cottonwood brand also continues to grow and be recognized in Northern Europe. Like many under-resourced regions around the world and in the United States, Northern Europe has many disruptive areas of innovation that have difficulty recruiting the capital they need to build a first prototype and attract the attention of first customers and next round investors. Cottonwood’s willingness to embrace this challenge from the earliest stages is a much needed resource to the Northern Europe technology commercialization community.” said Alain le Loux, General Partner and leading the European Office in The Netherlands.
Cottonwood Technology Fund is a seed and early-stage technology commercialization fund with offices in Santa Fe, New Mexico; and Enschede, The Netherlands. It invests in technology-related (particularly chemistry/material sciences, photonics, robotics, medical technology and clean energy) businesses originating throughout the Southwest region of the US and in Northern Europe. These regions include numerous national laboratories, over a dozen major research universities and several major research medical centers. Current and prior investments include Skorpios Technologies, FibeRio (acquired by Clarcor), xF Technologies, Eurekite, Sarcos Robotics, BayoTech, Respira Therapeutics, Infinitum Electric, Trilumina, SoundEnergy, OPNT and Exagen (Nasdaq XGN). For more information please visit www.cottonwood.vc.
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Alain le Loux, General Partner
Dave Blivin, Managing Director / General Partner