Noctua Science Ventures: First closing at €15 million with 5 universities, Verbund, Erste, aws and Allocator One
DE · Noctua Science Ventures: Erstes Closing bei 15 Mio. Euro mit 5 Unis, Verbund, Erste, aws und Allocator One
Noctua Science Ventures, the venture capital fund initiated by Speedinvest and TU Wien, has reached its first closing with €15 million. Investors include five universities from the TU Austria network, Verbund X Ventures, Erste Group, aws, Allocator One, and deep-tech entrepreneurs. The fund plans to make up to ten investments per year as lead investor, with initial investments of up to €500,000. Documents outlining the key investment terms have already been signed for two further investments; these are expected to close before the end of the year. Investment decisions will be made independently and based on sound financial criteria.
Vezetői összefoglaló (AI)
- Noctua Science Ventures, initiated by Speedinvest and TU Wien, focuses on investments in Austrian university spin-offs. It has completed its first closing at €15 million; investments in Turn-Motion and DiLT Analytics had already been announced.
- The fund’s LPs include five universities in the TU Austria network—TU Wien, TU Graz, Montanuniversität Leoben, BOKU and JKU Linz—as well as Verbund X Ventures, Erste Group, aws, Allocator One and deep-tech entrepreneurs.
- Fund head Philipp Stangl describes Noctua as an independent, professionally managed, return-driven venture fund. The fund says investment decisions are based entirely on financial criteria, with no quotas, and that it may invest in spin-offs outside the five participating universities.
- Noctua plans up to ten investments per year as lead investor, with initial investments of up to €500,000. Stangl says signed documents recording key planned investment terms are in place for two more investments, which he expects to close before year-end.
- The fund aims to grow to a maximum of €25 million and says it intends to remain selective; it currently does not plan to add universities outside TU Austria as LPs.