Amsterdam-based pre-seed venture capital firm DFF Ventures has announced the official close of its third fund — DFF Ventures III, which was oversubscribed at €70 million.

“Since opening our fund roughly six months ago, the world has only grown more uncertain,” said DFF.

“And when there is uncertainty, it’s easy to flock to consensus. But consensus kills returns. That’s why we have always stuck to our core thesis since fund I: we believe the hard part is the real world, not the code.

“That means software and AI companies touching physical operations: Fleequid moving buses, Vintage Cash Cow trading antiques, NorthLadder refurbished electronics, METYCLE sorting scrap metal, and Liablix handling damage claims.

“These are industries where defensibility comes from years of industry insights, network and data. If you are building something in this area, let’s talk.

“Fund III allows us to continue to invest from inception stage onwards in companies building software for the backbone.

“This time not only in EU, but from everywhere in the world. With fund III, we’ve welcomed seven new companies and will do many more.”