Lisbon-based venture capital firm Faber has launched its newest fund, Faber Tech III, at €31 million. Its target size is €60 million.
Faber has a focus on deep tech. The new fund is aimed at pre-seed and seed-stage startups in applied science & digital transformation.
The fund is anchored by the European Investment Fund (EIF) and has received investment from the NATO Innovation Fund and Caixa Capital — as well as repeat participation by Portuguese family offices.
Faber’s portfolio so far includes Luminate Medical, Sword Health, Smartex, Mitiga, Unbabel and Microharvest.
Faber Managing Partner Alexandre Barbosa, said: “The launch of Faber Tech III represents an ongoing commitment to seeding the future by supporting the next generation of science-driven and resilient founders in Europe.
“Faber’s unique specialist and entrepreneurial approach together with our thesis-driven group of LPs positions us as the ‘partner of choice for seed deep tech’ in Southern Europe.”
EIF CEO Marjut Falkstedt said: “As our economies and societies navigate the digital transition, it’s important that bright entrepreneurs working on the next generation of digital tools have the backing they need.
“This is why we are very glad to be partnering with Faber again, confident in their ability to seek out and support tomorrow’s deep tech champions at the earliest stages, driving the digital transformation and European competitiveness alike.”
NATO Innovation Fund Managing Partner Chris O’Connor said: “Maintaining Europe’s technological edge is critical to ensuring the region’s security and resilience. We are proud to support Faber, which has a legacy of connecting entrepreneurs in Iberia with the opportunities they need to unlock the scaling potential of their technologies.”
Caixa Capital, CEO Pedro Rangel said: “Caixa Capital’s investment in Faber Tech III strengthens our commitment to the Portuguese venture capital ecosystem. Faber has built a strong network of international partners, positioning it well to foster growth and value creation.”